Search
 

Port Authority, Ryan Cos. Look at JV

ST. PAUL, MN-The joint venture with a private developer would be a first for the Port Authority, which is looking to develop a polluted eight-acre parcel, the last industrial site in Energy Park.

By Jim McCartney | Updated on July 12, 2001

ST. PAUL, MN-The St. Paul Port Authority is looking at joining with Ryan Cos. in a joint project to redevelop a polluted eight-acre site in Energy Park. If the Port Authority goes ahead with the deal, it would be the first time the public agency has teamed up with a private company to co-develop an industrial site, according to Tom Collins, a spokesman for the agency.

“We’re looking for alternative revenue sources,” Collins says. “We have expertise in cleaning up property and getting it ready for development, and they have development expertise, so it’s a good marriage.”

In the past, the agency cleaned up contaminated sites and sold parcels to developers or build-to-suit users for a nominal fee–with these requirements:

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.