Minneapolis-based Oslund and Associates has been chosen as landscape architect for the redevelopment of Peavey Plaza in downtown Minneapolis.

Krista Bergert, spokeswoman for the Minneapolis' community planning and economic development department, said in a Monday phone interview that the project has an overall price tag of $5 million to $6 million-$2 million of which will come from state bond funding, while the remaining $3 million to $4 million will come from private contributions.

The Minneapolis City Council-which announced the selection on Friday-said that the firm was chosen due to the quality of its work on other projects, including Gold Meal Park near the Guthrie Theater and Target Plaza at the new Twins stadium.

“Tom Oslund is already emerging as one of America's leading landscape architects,” Mayor R.T. Rybak said in a statement. “This community has already seen his firm's extraordinary work on Gold Medal Park, Target Plaza, and the upcoming I_35W Remembrance Garden, but I believe we are about to see his greatest project to date on one of the most important blocks in the city.”

Oslund will join forces with Charles Birnbaum of Washington, D.C.-based The Cultural Landscape Foundation, Shuler & Shook Lighting Design of Minneapolis, and M.P. Friedberg-the original designer of Peavey Plaza.

Oslund was chosen from a pool of nine firms from across the United States that submitted proposals for the project. In addition to Oslund, four firms were selected for public interviews: Close Architecture, Coen + Partners, and Damon Farber Associates-all of which are based in Minneapolis.

City Council member Lisa Goodman said in a news release that the renovation “will address the elements that have aged over time while improving the public space,” preserving historic traits, and ensuring access for those with disabilities.

The design concept will be approved in June, construction will begin in spring 2012, and the project will be completed by summer 2013.

The redevelopment of Peavey Plaza will coincide with a $45 million renovation ofOrchestra Hall. The Minnesota Orchestra announced in June that Minneapolis-based Target Corporation donated $5 million to help fund the renovation, and the company will hold naming rights to a new lobby.

“The Orchestra is very happy to work with Oslund and Associates and the city going forward to determine a new future for Peavey Plaza,” Minnesota Orchestra President and CEO Michael Henson, said in a statement. “The timing of this appointment now allows us to align these two projects-the renovation of Orchestra Hall and that of Peavey Plaza-into a seamless project with a grand re-opening planned for June 2013.”