St. Paul to help JLT Group with $75 million

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

1 minute read

November 15, 2003, 9:00 AM PST

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

Friday, November 14, 2003 in Pioneer Press

Community / Economic Development Minnesota

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

Cover CM Credits, Earn Certificates, Push Your Career Forward

Learn More

Advertise with us

Urban Design for Planners 1: Software Tools

This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.