|
10/25/12 Following the money I Finance&Commerce
<br /> Southwest charges
<br /> Monticello-Walgreens $378,680 $1,650,000 Funded infrastructure,utility payments for NA NA
<br /> development
<br /> •New Brighton-The View at Long Lake $1,200,000 $19,000,000 Grant 5 NA
<br /> Sauk Rapids-VL Development(Alpha $149,999 $2,282,000 Business subsidy for site grading,sewer&water NA NA
<br /> Development) installation
<br /> Sauk Rapids-Wildflower Ten-ace $1,003,000 $14,500,000 Reimbursement for site improvements NA NA
<br /> Shoreview-Shoreview Retail Center $1,545,000 $7,200,000 Grant NA NA
<br /> Shoreview-TCF Financial branch $214,000 $2,000,000 Grant,new branch NA NA
<br /> St.Cloud-Arctic Cold Storage $110,000 $3,600,000 Reimbursing for site improvements 8 50 .
<br /> St.Cloud-Jason Friesz DDS $107,500 $970,000 Forgivable loan-redevelopment of building 2 3
<br /> addition
<br /> St.Joseph-Mill Stream Shops&Lofts $25,000 $115,000 Forgivable loan 15
<br /> St.Joseph St.Joseph Meat Market $27,000 $300,000 Forgivable loan NA 35
<br /> expansion
<br /> St.Louis Park-6414 W.Lake St.(Curt $25,000 $77,000 Forgivable loan 3
<br /> Rahman developed)
<br /> St.Paul Port Authority-Building No.3 at $1,800,000 $5,700,000 Forgivable loan 70 NA
<br /> Riverbend
<br /> St.Paul Port Authority-Gerdau $500,000 $50,000,000 Forgivable loan to buy new equipment NA 330
<br /> St.Peter-Kwik Trip $300,000 $1,154,000 Funded street,utilities reconstruction to support NA NA
<br /> project
<br /> Stillwater-101 Water St S. $21,805 $21,805
<br /> Loan,15 years at 3.25%,paid through special NA NA
<br /> assessment
<br /> Stillwater-120 Main St.N. $43,580 $43,580
<br /> Loan, 15 years at 3.25%,paid through special NA NA
<br /> assessment
<br /> Stillwater-126 Second St.S. $66,650 $66,650
<br /> Loan,15 years at 3.25%,paid through special NA NA
<br /> assessment
<br /> i
<br /> Stillwater-219 Main St.S.(Brine's) $13,400 $13,400 Loan 15 years at 3.25%,paid through special NA NA
<br /> assessment
<br /> Stillwater-229 Main St.S. $87,401 $87,401
<br /> Loan,15 years at 3.25%,paid through special NA
<br /> assessment
<br /> Stillwater-241 Main St.S. $33,490 $33,490
<br /> Loan,15 years at 3.25%,paid through special NA NA
<br /> assessment
<br /> West St.Paul-City housing replacement
<br /> $150,000 $414,676 City purchased six blighted houses and razed them NA NA
<br /> program
<br /> White Bear Township-Tecnetics Industries $466,000 $3,000,000 Grant-site work,building pad prep,site NA 31
<br /> HQ improvements
<br /> Winsted-131 Fast St.N.(owned by Will $5,000 $10,000 Forgivable loan NA NA
<br /> Ste ger)
<br /> TOTAL $17,824,249 $306,513,625 901 5212
<br /> Source:Finance&Commerce research and analysis
<br /> MORE ARTICLES ON THIS INVESTIGATION:
<br /> The great property tax free-for-all
<br /> Counting construction jobs proves difficult
<br /> How the TIF program worked.and how we reported it
<br /> With loans to developers.all was usually forgiven
<br /> Local officials have mixed views about jobs program
<br /> CHART:Tracking construction and permanent jobs
<br /> 2/3
<br /> finance-commerce.com/following-the-money/
<br />
|