The Saint Paul Condo Blog


With nearly a trillion dollars flowing out of our pockets for pet projects around the country, maybe we should lobby for bailout money for some of our troubled projects.

From what I can tell, the government is looking for shovel ready projects.  So let's see what we have available here is Saint Paul that is shovel ready...

The Penfield.  Has full city approval, would provide construction jobs for a few years, and would provide 200+ apartments, a new hotel, and a Lund's grocery store.  Word on the street is the Penfield is looking to secure financing from HUD since, no one is really lending money for constructions projects right now, especially real estate related.

Farmers Market Flats.  City approval?  Heck, the hole is already dug!  This would only provide jobs for about a year and a half, but the city would gain an indoor farmers' market, and about 48 units of housing.  I've heard that the city is a little embarrassed about the project, and wants to fill in the hole.  Maybe we should build it instead?

West Side Flats.  Similar to FMF, this project has been fully approved by the city, all it needs is some loving from Uncle Sam.

ADC Building.  Opus had grand plans for this site, right on the river.  Mostly office/hotel, but this would be a great addition to the city.  As far as being shovel ready, I think this one is a long shot.


Posted by Bud Kleppe on February 17th, 2009 4:16 PMPost a Comment (10)

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