This bill establishes the Rondo Restorative Development Authority, a public body aimed at overseeing the operations of a land bridge in the Rondo neighborhood of St. Paul. The authority is tasked with facilitating the transfer of state real estate interests, including air rights, and managing the construction, development, and long-term operations of the land bridge. The bill emphasizes the public purpose of this initiative, highlighting its role in addressing historical racial inequities stemming from the destruction of the Rondo neighborhood due to the routing of an interstate highway in the 1950s.

The bill outlines the authority's structure, including a 17-member board of commissioners appointed by various stakeholders, and details its powers and responsibilities. These include acquiring property, managing the land bridge's development and operation, and entering into agreements with governmental units. The authority is also granted the ability to accept gifts, grants, and loans to support its objectives, and it is exempt from certain Metropolitan Council reviews and the Business Subsidy Act. Overall, the legislation aims to promote community development and rectify past injustices in the Rondo area.