Big things are happening at Treasure Island Center!
The Minnesota Wild signed the first lease with Go Wild LLC, a joint venture between the Saint Paul Port Authority and Hempel Companies. An additional 120,000 square feet of leasable space and 800 parking stalls are still available in this mixed-use facility, scheduled to open in the fall of 2017.
The most talked about feature is the NHL-quality ice rink, which will be enclosed with glass on the building’s rooftop. The Minnesota Wild will use approximately five percent of the ice time for practice, leaving ample time for community groups including youth and college teams, adult leagues and figure skating.
How did the Saint Paul Port Authority get involved with the project?
- The Saint Paul Port Authority purchased the property in early 2014 for $3 million, at the request of the City, to ensure the redevelopment project provided the highest return in terms of new tax dollars, job growth, and public benefit.
- The Saint Paul Port Authority invested an additional $5.5 million to prepare the building for redevelopment, including the removal and sealing of all asbestos.
- The Saint Paul Port Authority partnered with Hempel Companies, creating the Go Wild LLC to manage the redevelopment project.
- To assist with the costs of redevelopment, sponsorship opportunities have been made available.