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MegadealsSubsidy Tracker Individual Entry
Company: Ryan Companies
Parent Company:
Subsidy Source: local
Location: Minnesota
City: St. Paul
County: Ramsey
Project Description: A mixed-use housing development area
Year: 2019
Subsidy Value: $53,000,000
Program Name: Tax Increment Financing (PAYG)
Awarding Agency: Housing and Redevelopment Authority
Type of Subsidy: tax increment financing
Source of Data:
(click here)
Notes: City provides 25-year TIF agreement on "Highland Bridge" a mixed-use development with multi-family housing, retail, office, and civic space. 760 of 3,800 units will be affordable. Anticipated taxable value $1 billion, contribution $18 million to property taxes by 2040. Subsidy amount is over the total life of the loan.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.