Learn about Saint Paul Investor Relations, including Featured News, Infrastructure Projects, and Our Team.
Welcome to the official investor relations website for the City of Saint Paul, Minnesota. The Office of Financial Services, Treasury Division manages all City financing needs, including investor communications for the City and related entities.
Saint Paul was incorporated in 1854 and is the capital city of the the state of Minnesota. The City is the second most populous in the state with more than 300,000 residents. Saint Paul is the county seat of Ramsey County, and together with Minneapolis forms the core of the Twin Cities, the 16th-largest metropolitan area in the nation, with about 3.5 million residents.
To learn more, please visit the City website here.
St. Paul Mayor Melvin Carter wants the city to by "carbon neutral" within his lifetime. That means slashing carbon emissions in half by 2030, and offsetting them entirely by 2050.
Saint Paul is at a critical moment. We have incredible potential as we continue to grow into a 21st-century global community. To ensure that our city truly works for all of us, we need a city budget that reflects and invests in our values. Investing in our values means building a city that not only meets our needs today, but helps us build a city that our children, and grandchildren, will want to live in. To realize this vision, we need to invest in a future for all of us. That is why our city budget invests in the people and things that matter most to us. We have built a big vision for our city together, and our vision requires our shared investment. I am thrilled to share our 2019 budget proposal.
- Melvin Carter, Mayor
Adoption of the Pension Reform Bill.
The 110 acre property – just 25 acres smaller than the Ford site – has been put on the market. A potential development plan may include multi-unit housing, restaurants, retail, trails and a community center.
Minnesota United FC, a North American Soccer League team, is constructing a 20,000 seat major league soccer (MLS) stadium at I-94 and Snelling Avenue, as part of a planned and coordinated redevelopment of the entire 34.5 acre site that also includes the Midway Shopping Center (property owned by private landowner RK Midway). The goal is to create a new urban village surrounding the stadium that includes retail, office, residential and public open space uses.
The City committed $18.4 million to new roads, sewers, green space and other infrastructure near the stadium, and the stadium will be privately financed.
Live Stream Stadium Construction: https://www.mnufc.com/stadium/stream
The City has approved a master plan that calls for rezoning most of the acreage for medium- to high-density residential development, as well as a limited number of commercial buildings.
Ford Land, the real estate division of Ford Motor Co., has officially put the company's 144-acre site (two parcels) on the market.
Riverfront Properties is a nearly five-acre site located along the bluff overlooking the Mississippi River in downtown Saint Paul. In June 2015, Ramsey County began deconstruction of the former Adult Detention Center and West buildings located on the iconic site to prepare it for sale and private development.
A Request for Development Interest was issued on Nov. 9, 2017. On Nov. 20, 2018, the County Board directed staff to begin negotiations on an exclusive six-month agreement with AECOM to perform due diligence on a proposal to develop the Riverfront Properties site.
"The new plans from developer AECOM include four proposed buildings, as well as a cover over Shepard Road and the railroad line along the river, to directly connect downtown to the river upstream from the Wabasha Street bridge.
The first construction phase includes two residential towers, including a class A apartment tower with 250 to 250 apartments, a 150- to 250-room boutique hotel and condominium tower with 80 to 150 units to be finished in 2021. A handout put the possible cost between $200 and $280 million.
The second and third phases call for two office and commercial towers, the first about 250,000 to 400,000 square feet to be completed about 2023. That would have a potential value between $150 and $220 million. The other would be 600,000- to 1-million-square-foot tower, to be determined as the project develops and worth between $270 and $400 million. That has a projected completion in 2026."