St. Paul's Midway Stadium, the soon-to-be-former home of the St. Paul Saints baseball team, will be redeveloped by a property management company owned by the Pohlad family into office and light industrial space.
The St. Paul Port Authority announced Tuesday that it will partner with United Properties to demolish the stadium and replace it with a mixed-use commercial and industrial facility, the St. Paul Pioneer Press reports. United Properties is owned by the Pohlads, who also own the Major League Minnesota Twins.
The 6,000-seat Midway Stadium, on Energy Park Drive in the city's Midway neighborhood, opened in 1982. The minor league Saints have been playing there since the early 1990s. The team will move into a new 7,000-seat ballpark being constructed in downtown St. Paul next year.
The Midway site is 12.8 acres, and officials hope to use it for something more in line with the businesses already located on Energy Park Drive, according to the Pioneer Press.
A United Properties spokesman said the tentative plan is for a 190,000- to 200,000-square-foot building to be built on about two acres of the site. It would have between four and six tenants leasing space, who would employ 200-300 people. The facility could be open in 2016, the Star Tribune reports.
The Port Authority acquired the Midway Stadium site in 2012, in a land swap that helped the city of St. Paul purchase the downtown site for the new Saints ballpark, the Pioneer Press notes.
The authority's contribution is the land and costs for demolition and infrastructure. United Properties will pay for the new construction and manage the project once it's built, according to the Star Tribune. The project’s proposed budget, including a $9 million construction loan, is $15 million.
The Port Authority board approved the partnership arrangement at its meeting Tuesday. This is the Port Authority's fifth joint venture project, according to the Star Tribune.