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The Saint Paul Port Authority, an industrial redevelopment corporation, uses creative, effective and financially sound methods and ideas to expand the tax base and create quality job opportunities.
We are a public corporation, created by legislative order in 1929 and founded in 1932 to manage commerce in and along the Mississippi River. Specifically, the Port was charged with developing a navigable channel as well as overseeing riverfront commerce and river-oriented industries.
While we maintain our historic roots in promoting commerce along the Mississippi River, we also strive to create livable wage jobs. Whether we are cleaning up polluted land, providing expansion financing or job training, the Port fulfills its mission for Saint Paul and the East Metro.
Riverview Industrial Center, built in 1962, was our first redevelopment project, with 18 more to follow. A year later, we established our first industrial financing plan, allowing us to acquire recreational property. And, in 2002, we received legislative approval to purchase land when the end use is open space.
We may, after public input, create development districts within our area of jurisdiction and make public improvements. We also can acquire and lease or sell land and buildings for industrial and other economic uses. And we can construct, lease or sell industrial, commercial and other revenue-producing projects, enter into revenue agreements for financing, and issue revenue bonds.
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