Target Pays $110 Million to Break Minneapolis Headquarters Lease in Corporate Exodus

Target Corp. has paid a staggering $110 million fee to terminate its lease at its Minneapolis headquarters, the latest major corporation to exit a city grappling with rising crime, homelessness, and the aftermath of the 2020 unrest. The retail giant's departure from its hometown of over 60 years sends a sobering signal about the cost of urban decline on corporate confidence. The move follows a wave of businesses leaving the Twin Cities metro and arrives as Minnesota faces impeachment proceedings against its governor and an ongoing federal Medicaid fraud investigation.