Projects will create or retain 2,322 jobs
ST. PAUL — Redevelopment projects that will create or retain 2,322 jobs have been approved for investigation and cleanup funding from the Minnesota Department of Employment and Economic Development (DEED).
DEED awarded $6.2 million from its Contamination Cleanup and Investigation Grant Program for 14 projects in the state. The funding will help pay for cleaning up or investigating pollution on those sites. Housing, office and retail space, a hotel and brewery are among the projects planned.
“The Contamination Cleanup and Investigation Grant Program is one of Minnesota’s most effective and successful redevelopment tools,” said DEED Commissioner Katie Clark Sieben. “Since the inception of this program in 1995, nearly 48,000 jobs have been created or retained and thousands of acres of land reclaimed for redevelopment projects.”
DEED cleanup grants, which are awarded twice a year, account for about 75 percent of funding used for reclaiming polluted sites and brownfields statewide. The remaining 25 percent comes from the Metropolitan Council, cities, counties, other local units of government, private landowners and developers.
DEED’s Contamination Cleanup and Investigation Grant Program has awarded 454 grants worth over $157 million since the program’s inception. Thanks to the funding, 3,317 acres of contaminated property have been reclaimed for development projects, resulting in 22,305 new jobs and 25,635 retained jobs. The program has attracted $5.7 billion in private investments and $106 million in new tax revenue.
Here are some of the cites in the Twin Cities:
Minneapolis, 4041 Hiawatha, $103,099
Minneapolis was awarded $103,099 in cleanup funding for this 1.82-acre site contaminated with petroleum and other contaminants. Formerly used for sash and door manufacturing and corrugated box production, the site will be redeveloped with 78 affordable apartment units.
The project will create two new jobs and increase the tax base by $44,456. Matching costs will be paid by other grant sources and the developer.
Minneapolis, 43rdand Upton, $230,755
Minneapolis was awarded $230,755 in cleanup funding for this 0.46-acre site contaminated with petroleum and other contaminants. The former gas station, auto repair shop and restaurant will be redeveloped with a four-story apartment building offering 29 apartments and 6,000 square feet of street-level retail space.
The project will create 35 new jobs and increase the tax base by $161,164. Matching costs will be paid by other grant sources and the developer.
Minneapolis, ABC Industrial Development, $159,882
Minneapolis was awarded $159,882 in cleanup funding for this 0.77-acre site contaminated with petroleum and other contaminants. Formerly used as residences, a wood yard and an electronics warehouse, the site will be redeveloped with a six-story mixed-use building including 143 market rate apartment units and 16,730 square feet of retail space.
The project will create 72 new jobs and increase the tax base by $542,690. Matching costs will be paid by other grant funds and the developer.
Minneapolis, Kraus Anderson Block, $761,106
Minneapolis was awarded $761,106 in cleanup funding for this 2.53-acre site contaminated with petroleum and other contaminants. Formerly used for warehousing, auto repair and metal refinishing, the site will be redeveloped with a new headquarters building for Kraus-Anderson, a 17-story residential building, a 148-room hotel and a brewery.
The project will create 102 new jobs, retain 313 jobs and increase the tax base by $4,478,795. Matching costs will be paid by other grant sources and the developer.
Minneapolis, T3, $441,885
Minneapolis was awarded $441,885 in cleanup funding for this 1.41-acre site contaminated with petroleum and other contaminants. Formerly used as a freight depot and parking lot, the site will be redeveloped with a seven-story building offering 224,000 square feet of Class A office space and 11,500 square feet of street-level retail space.
The project will create 227 new jobs and increase the tax base by $1,659,316. Matching costs will be paid by the developer.
Minneapolis, Target Field Station, $148,942
Minneapolis is awarded $148,942 in cleanup funding for this 0.89-acre site contaminated with petroleum and other contaminants. Formerly used as a lumber yard and parking lot, the site will be redeveloped with a 10-story building offering a 232,000 square feet of Class A office space and 11,000 square feet of street-level retail space.
The project will create 338 new jobs, retain 675 jobs, and increase the tax base by $1,854,736. Matching costs will be paid by other grant sources and the developer.
St. Paul, Cleveland Avenue Development, $203,615
St. Paul was awarded $203,615 in cleanup funding for this 0.84-acre site contaminated with petroleum and other contaminants. Formerly used as a department store, bank and realty office, the site will be redeveloped with a four-story mixed-use building including 8,800 square feet of office space, 57 market rate apartment units and 3,500 square feet of retail.
The project will create 42 new jobs, retain 40 jobs, and increase the tax base by $452,387. Matching costs will be paid by other grant sources and the developer.
St. Paul, Fillmore Site, $960,336
St. Paul was awarded $960,336 in cleanup funding for this 5.3-acre site contaminated with petroleum and other contaminants. Formerly used as a foundry, power plant and a battery crushing facility, the site will be redeveloped with a four-story building with 174 market rate apartment units.
The project will create three new jobs and increase the tax base by $493,939. Matching costs will be paid by other grant sources and the developer.
This information was provided by DEED, the state’s principal economic development agency, promoting business recruitment, expansion and retention, workforce development, international trade and community development. For more details about the agency and our services, go to http://mn.gov/deed.
