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Saint Paul Port Authority buys former Kmart site for $9.5M, aiming to boost jobs and tax revenue.
The Saint Paul Port Authority is acquiring the former Kmart site for $9.5 million, aiming to redevelop the 12.6-acre property into a valuable community asset.
The site has potential for light industrial and medical uses and could boost local jobs and tax revenue.
The purchase, set to be financed by a city loan, is supported by St. Paul Mayor Melvin Carter and Council Vice President HwaJeong Kim.
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La Autoridad Portuaria de San Pablo compra el antiguo sitio de Kmart por $9.5M, con el objetivo de aumentar los puestos de trabajo y los ingresos fiscales.