The City of Saint Paul formally applied for DEED bonding funds today to help finance a Lowertown Regional Ballpark.
“This ballpark won’t just be an attraction for families across the region, it’s going to create jobs and add vitality to our community,” Mayor Chris Coleman said. “I’m looking forward to putting people to work as soon as we receive the funding from DEED. This is a very exciting day for Saint Paul.”
In May, the City of Saint Paul and the Saint Paul Port Authority announced a land-purchase agreement of the Old Diamond Products site, where the new ballpark would be built. The Port is in conversations with the city regarding a land swap of the Old Diamond Products site and Midway Stadium, where the Saint Paul Saints currently play.
Funding for a Lowertown ballpark has been the city’s No. 1 legislative priority for the past several years. Saint Paul’s application requested $27 million, the amount Governor Mark Dayton originally included for a Lowertown ballpark in his proposed bonding bill.
The Lowertown Regional Ballpark is expected to bring 400,000 people per year to Downtown Saint Paul and will have a yearly economic impact of $10 million. The project is expected to create 500 full- and part-time jobs and will become a center for statewide youth and amateur sporting events.
In total, the project would cost $54 million with the Saint Paul Saints contributing $10 million and the City of Saint Paul contributing $17 million.