The Minnesota Legislature established the Saint Paul Port Authority as a non-profit governmental agency in 1929 to manage the Saint Paul Harbor. In 1932, the City of Saint Paul transferred Barge Terminal One to the Saint Paul Port Authority. Barge Terminal Two was added in 1960, followed by Red Rock and Southport in 1964. All four ports continue to be managed by the Saint Paul Port Authority, stimulating the local economy through good paying jobs and property tax revenue.
In 1955, the Legislature authorized the Port to engage in economic development activities inland. Our first redevelopment project, Riverview Business Center, was built in 1962. Since then, 16 more inland business centers have been developed, contributing to approximately 25,000 good paying jobs in the City of Saint Paul.
The Saint Paul Port Authority is managed by a 7-member Board of Commissioners. The Commissioners are appointed by the Mayor of the City of Saint Paul to six-year terms. Two members of the Saint Paul City Council sit on the Board.
The organization also follows guidelines set forth in Minnesota State Statutes.
The Saint Paul Port Authority receives funding from a number of sources including grants from Capital City Properties, interest income from loan products, fees billed for services and Saint Paul tax levies.
Capital City Properties (CCP)
CCP is a separate 501(c)(3) nonprofit organization that was created in 1991 to relieve the burden of government in the funding of Saint Paul Port Authority projects. CCP generates revenue through a variety of sources, including new markets tax credits, joint venture partnerships and investment earnings. Approximately 29 percent of Saint Paul Port Authority expenses were covered by CCP grants in 2016; the amount is expected to increase to 32 percent in 2017.