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<br />_USING AND REDEVELOPMENT AUTHORITY OF THE CITY OF SAINT PAUL. MINNESOTA <br /> <br />RlOPORT TO THE COMMISSIONERS <br /> <br />DATE <br /> <br />August 25. 1999 <br /> <br />REGARDING <br /> <br />Designation of CENTEX as Tentative Developer for the Upper Landing Site, <br />District 9 . <br /> <br />Purpose <br />Centex Corporation is requesting to entQr into an agreement with the Housing and <br />Redevelopment Authority (HRA) to be designated as the Tentative Developer for the Upper <br />Landing site for nine months. During this perioa Centex woulCl explore the feasji:lility of <br />developing a mixed use project on the site and determine if development is feasible for their. <br />corporation. If it is determined that development is not feasible. research materials and <br />documents would be turned over to the HRA If Centex pursues the developmept of the site <br />then business terms will be negotiated during the next three monthS. <br /> <br />. <br /> <br />BacKground <br />The upper landing site creates an opportunity to reconnect the rlverto the City. specifically <br />the downtown core. The site which the HRA owns is 17.7 acres bounded by Chestnut <br />Street to me east, the Mississippi River to the south, the High Bridge to the west and rail <br />tracks and the river bluff to the north. Thi2 City of Saint Paul acquired the property in late <br />1980s and Cleared ]t of the former heavy industrial uses. The Cily is enhancing the site by <br />the relocation of Shepard Road away from the river. <br /> <br />Over the past few years a number of studies have been done looking at the potential reuse <br />fonhe sile, explore development options and ider1lify potential development hurdles. <br />Potential uses include residential retail, office, open space and recreation_ Hurdles include <br />environmental remediation. soil condition. fiood plain, urban design issues and flnancial <br />feasibility. <br /> <br />. <br /> <br />1 <br />