TIF proposed for $1.3 billion revitalization of St. Paul’s 145-acre abandoned Ford site

There are new plans for the former Ford Motor Company plant site in St. Paul, Minnesota.

The company closed its Highland Village site in December 2011 and the plant was demolished in 2013.

When the plant closed, almost 1,000 employees were out of work.

The 145-acre property, bordering the Mississippi River and Hidden Falls Regional Park, is still considered a prime piece of real estate.

The St. Paul City Council took a major step toward redeveloping the Ford site into what members say will be a $1.3 billion piece of property.

The council passed a resolution creating a special taxing district built with incentives for future developers.

The tax increment financing (TIF) plan calls for almost 4,000 condominiums, apartments and commercial space of about 780,000 square feet.

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