The Saint Paul Port Authority purchases polluted, blighted properties in the City of Saint Paul that the commercial real estate community won’t touch.
We do the work needed to clean up the pollution left behind from previous tenants and return the land for light industrial use. The results include net new jobs for Saint Paul – living wage jobs with benefits – and significant increases in tax revenues going back into the City of Saint Paul.
Redevelopment Criteria
The Saint Paul Port Authority has a history of purchasing polluted and abandoned industrial properties throughout the City of Saint Paul and dedicating the resources needed for clean-up and redevelopment. Once the property is marketable for industrial use, it is sold back to the commercial real estate community for as little as a dollar, provided the buyer meets the Saint Paul Port Authority’s Workforce Agreement criteria.
Most employers exceed these expectations and the result is stronger neighborhoods and increased tax revenues. Saint Paul Port Authority Business Centers are home to more than 500 companies, with approximately 25,000 jobs, generating more than $12 million in annual tax revenues.