The Lowertown Ballpark is funded by a public-private partnership between the State of Minnesota, the City of Saint Paul, and the St. Paul Saints.
State of Minnesota
With the leadership of Governor Mark Dayton, the State of Minnesota awarded the Lowertown Ballpark project a $25 million grant that was appropriated by the Minnesota Legislature and authorized by the Department of Employment and Economic Development (DEED). Additionally, DEED provided the City of Saint Paul with $2 million in grants for cleanup work related to the Diamond Products/Gillette building and a $1 million loan for the project.
City of Saint Paul
The City of Saint Paul is contributing $19 million to the construction of the ballpark, including the acquisition of the Diamond Products/Gillette site. The City has also issued a $5 million internal loan to cover the costs of the environmental cleanup at the Diamond Products site. The city is pursuing funds from other entities, including grants related to environmental cleanup, to repay the loan.
Additionally, the city engaged the Saint Paul Port Authority to acquire the existing Midway Stadium site after the Lowertown Ballpark opens. The Port Authority will convert the 13-acre property into a new business park.
St. Paul Saints
The City of Saint Paul and the St. Paul Saints have had a successful public-private partnership since 1992, when the Saints moved to the city. As the primary tenant of the ballpark, the St. Paul Saints are contributing $11 million to the project. The team will also be responsible for operating and maintaining the facility.
Saint Paul Port Authority
The Saint Paul Port Authority purchased the remaining section of the Diamond Products/Gillette property in July 2012, which was critical to securing city and state funding for the project. After the project is complete, the City of Saint Paul and the Saint Paul Port Authority will exchange ownership of the current Midway Stadium site and the Diamond Products/Gillette property. The port authority plans to market the 13-acre site as a part of its ongoing efforts to redevelop industrial property in the area around Midway Stadium. This will help the ballpark project expand the city’s tax base and attract high-paying, quality jobs to Saint Paul.
The Metropolitan Council awarded a $748,100 Livable Communities Tax Base Revitalization Account (TBRA) grant to the City of Saint Paul for the Lowertown Ballpark for environmental remediation efforts. The grant will fund environmental investigation; soil and groundwater remediation, including an impermeable infiltration barrier; and soil vapor mitigation.