SF1927

This bill (S.F. No. 1927) proposes allocating $18 million from state bond proceeds to fund the redevelopment of blighted property in the Midway area of St. Paul, Minnesota. The funds would be used for improvements to streets and public infrastructure, including transit facilities, sidewalks, utilities, sewer and stormwater systems, landscaping, lighting, parking facilities, and other site enhancements. The redevelopment is focused on areas that suffered damage during civil unrest in May 2020. Additionally, the city of St. Paul is required to enter into a lease or management agreement for any parking facility developed with these funds. The bill also authorizes the sale and issuance of bonds by the state to cover the appropriated amount.