72° and Sunny
MINNEAPOLIMEDIA NEWS | South St. Paul and Lindstrom Projects Receive Redevelopment Awards in Minnesota’s Latest Funding Round
State assistance will support site preparation and infrastructure work, with employment and investment benefits dependent on project completion.
SOUTH ST. PAUL, MN (October 23, 2026). Two redevelopment projects on opposite sides of the Twin Cities region are receiving state assistance to prepare previously developed properties for new business, housing and hospitality uses.
The Minnesota Department of Employment and Economic Development announced the awards October 19 as part of more than $2 million supporting seven redevelopment and demolition projects statewide.
The South St. Paul Economic Development Authority received $360,763 for Concord Business Center, a planned office-and-warehouse redevelopment on a 4.2-acre property previously used for vehicle maintenance, trucking and offices.
DEED describes a planned 70,000-square-foot building. Its projections include 40 new jobs, retention of 20 jobs and $8.9 million in private investment.
Lindstrom received $313,799 for Lindstrom’s Landing. Plans for that 2.67-acre property include 20 senior apartments, a retail-and-office building and an 80-room boutique hotel with restaurant space.
DEED projects 51 jobs and nearly $38 million in private investment for the Lindstrom development. These are anticipated outcomes, rather than benefits already delivered.
What the grants pay for
Minnesota’s Redevelopment Grant Program helps local governments and development authorities address the cost of reusing previously developed properties.
Eligible work can include demolition, certain environmental abatement inside buildings, soil stabilization and public infrastructure improvements. The program generally pays up to half of qualifying redevelopment costs and requires a local match.
The distinction between site preparation and building construction is significant. DEED’s program guidance excludes construction, building rehabilitation and several other development expenses from grant eligibility. The awards therefore support specified preparatory work rather than finance an entire finished development.
Different financing for properties without a firm redevelopment plan
The state’s Demolition Loan Program serves a related purpose when a blighted property has future development potential but lacks a current development plan.
Its published terms allow assistance with qualifying demolition costs on publicly owned properties. Loans are interest-free for the first two years, with principal and interest payments beginning in year three and a maximum term of 15 years. Conditional forgiveness may be available when later development produces qualifying benefits.
For communities receiving these awards, the next consequential developments will be the actual site work, subsequent construction and delivery of the uses described in their applications. Jobs, tax-base increases and private investment remain projections until the projects produce those results.
STAY CONNECTED TO MINNEAPOLIMEDIA
Local stories matter. Subscribe free to MinneapoliMedia and receive independent news, community reporting and important updates from Minneapolis, the North Metro and communities across Minnesota.
SUBSCRIBE FREE: https://minneapolimedia.town.news/subscribe
MinneapoliMedia | Community. Culture. Civic Life
