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Final development deal reached on Ford site in St. Paul

Deal announced for largest redevelopment in St. Paul history.


Trumpeting what aims to be the largest redevelopment in St. Paul history, Mayor Melvin Carter announced Tuesday that the city has reached a deal with Ryan Cos. to transform the former Ford assembly plant site into a bikeable, walkable village of thousands powered by renewable energy.


“This is a once-in-a-generation opportunity,” Carter said. “I’m confident that the City Council, our business community and our residents are going to see this as an enormous vision for our city and be excited to move forward.”


Carter said he expects that by the end of the year, the council will vote on the deal, which commits $53 million in property taxes generated by the site to help build out its streets and utilities.


At a news conference inside a heated tent on a frigid day at the now-vacant 122-acre site, city officials were joined by Gov. Tim Walz and a bevy of legislators and labor union officials.


The project is expected to generate 14,500 construction jobs over its two-decade build-out and employ more than 1,000 full-time employees when fully developed.


Read entire article HERE.


"Final development deal reached on Ford site in St. Paul"; By James Walsh; StarTribune; November 12, 2019


Keywords: Affordability, Developers, HousingCrisis, MetroArea, Projects

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