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Bank to Build 350,000 SF in West Side Flats

ST. PAUL, MN-City council members approves plans for an $80-million, 350,000-sf office building, including $15 million in tax increment financing. A related housing project also close to the site gets the go-ahead.

By Jim McCartney | Updated on April 27, 2001

ST. PAUL, MN-City council members approved US Bancorp’s plans to build an $80-million, 350,000-sf office building as the first phase of an “urban village” on the West Side Flats. Construction could begin inmid-May.

The city is proposing to spend $15 million in tax increment financing to redevelop a 6.75-acre property at Robert and Fillmore streets onthe opposite bank of the Mississippi River from Downtown St. Paul. The office site is about a third of the overall West Side Flats development project.

Some council members objected to the size of the subsidy and asked for further time to study the proposal.

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