The 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 legislation emphasizes the public purpose of this initiative, particularly in addressing historical racial inequities stemming from the destruction of the Rondo neighborhood due to the routing of an interstate highway in the 1950s, which resulted in significant loss of homes and businesses.

The bill outlines the governance structure of the authority, which will be managed by a 17-member board of commissioners appointed by various stakeholders, including community organizations and government officials. It grants the authority the power to acquire property, enter into agreements, and manage the development and operation of the land bridge. Additionally, the authority is exempt from certain Metropolitan Council reviews and the Business Subsidy Act, allowing for more streamlined operations. The legislation also includes provisions for the authority to accept gifts, grants, and loans to support its objectives, ensuring that it has the necessary resources to fulfill its mission.