The decision by the state to not do any improvements on Highway 55 pretty much rules that out. There will be no significant improvements out here for the forseable future, which probably means in most of our lifetimes. Greenfield is limited by what the Met Council will let us do (which isn't much) so I wouldn't expect any population growth out here either.
There is plenty of space and prime areas for businesses, as there has been for YEARS - no one wants to do business in these towns and deal with all the BS and taxes. It is a miracle that the only real restaurant is still in business after all these years in the "mall of death".