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Shakopee Businesses Face $200M Losses, Sales Plummet 40%

3/7/2026

45 5 Full Breakdown

Summary

Story summary

Minnesota officials held a virtual news conference on more than $200 million in losses and the closure of two downtown Shakopee businesses.
State Rep. Brad Tabke said the downturn is unsustainable.
Business owner Luis Ramirez said the downturn is worse than during the pandemic because many customers stay home.
He reported some businesses have a 40% drop in sales, with several up for sale, and recovery could take months or years.

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Story summary

Minnesota officials held a virtual news conference on more than $200 million in losses and the closure of two downtown Shakopee businesses.
State Rep. Brad Tabke said the downturn is unsustainable.
Business owner Luis Ramirez said the downturn is worse than during the pandemic because many customers stay home.
He reported some businesses have a 40% drop in sales, with several up for sale, and recovery could take months or years.