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The original item was published from 1/14/2016 11:44:33 AM to 6/2/2016 12:05:04 AM.

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New Development / Redevelopment

Posted on: January 14, 2016

[ARCHIVED] Northern Stacks Phase III Awarded $902,500 Grant to Continue Cleanup

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This grant, awarded by the Metropolitan Council, will facilitate soil remediation, soil mitigation, and treatment of contaminated groundwater at a vacant 30.7-acre site that was part of the former Naval Industrial Reserve Ordnance Plant.

Development plans call for 446,400 square feet of new office warehouse and bulk distribution industrial space.

The Metropolitan Council has awarded more than $3.4 million in brownfield cleanup grants. The Livable Communities awards will help clean up 47 acres, create or retain more than 2,000 jobs, increase the net tax base by more than $2.8 million, help to produce or preserve more than 300 affordable homes, and encourage more than $280 million in other public and private investment.

“These grants are a critical redevelopment tool and get a remarkable return on investment,” said Council Chair Adam Duininck. “The funding leverages additional investment of both public and private dollars in jobs, tax base, and housing opportunities, and promotes a more livable, sustainable environment.”

The brownfield funding awards include 12 cleanup grants to three metro area communities, Fridley, Minneapolis, and Saint Paul.

Click Here to Learn More about Northern Stacks
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