I do not know about Stadium Village, but the City of Minneapolis really screwed the pooch when they allowed that recent Dinkytown development to falter when they backed away a the last minute. Any business owner in their right mind would want more residents living above those streets willing to spend a lot of money in the neighborhood.
All the misguided nostalgic BS, prevented a blighted parking lot, an ugly concrete block 1970s building, and the Mesa Pizza building from being replaced by a high quality building that would helped the tax base and brought more residents with money to spend to Dinkytown. There was very little historic about what was preserved, but some people decided to draw a line in the sand. It wasn't like they were going to knock anything of much significance, but they still spurned the Doran Companies for no good reason.
If you do not believe me, take a walk around the back of The Library Bar and the area near Mesa Pizza. Yuck, the Metropolitan Building it is not. The Library Building, as ugly as it is, was not part of the deal, just all the dirty surface parking lots and a couple of nothing buildings around those lots.