blockitecture leaderboard

St. Paul to help JLT Group with $75 million

St. Paul is getting a $1 billion project for $75 million.

JLT Group, headed by Jerry Trooien, is preparing to ask the City of St. Paul, MN to create a tax-increment district to finance $75 million of a $1 billion retail project. "The Bridges of St. Paul", a 75 acre development, is envisioned as "a bustling, pedestrian-oriented complex of shops, waterfront restaurants and as many as 4,000 apartments and condominiums." Mayor Randy Kelly is optimistic about the future of the project, as well as the City's role in financing it, as JLT is only asking 7.5% financing from the city. The project is not without detractors. "People aren't going to drive past [a big box store] near their home just to get to this one," David Brennan, a marketing professor at the University of St. Thomas explained. Construction is slated to start in 12 months.

Thanks to Adam Weiss

Full Story: ST. PAUL: Developer makes pitch for river project, public aid

Comments

building block set

NEW! Build the world you want to see

Irresistible block set for adults when placed on a coffee table or desk, and great fun for kids.
$25
Red necktie with map of Boston

For dads and grads: tie one on to celebrate your city!

Choose from over 20 styles imprinted with detailed city or transit maps.
$44.95

City Coasters

Hand-drawn engraved maps of your favorite neighborhoods are divided up across 4 coasters making each one unique.
$36.00

Stay thirsty, urbanists

These sturdy water bottles are eco-friendly and perfect for urbanists on the go.
$19.00