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<br />Gateway Center - Arden Hills - (69 points) <br />50 I West Lawson Avenne, Arden Hins-Ramsey County (NE corner ofJ-35W and 1-694) <br />Council District # 10 - Kris Sanda <br />Estimated clean up cost: $1,839,500 <br />Recommended TERA funding: $200,000 <br />TER"- fnnding request: $200,000; DEED $600,000; Ramsey County $50,000 <br />Use ofTER"- funds: Soil remediation. <br />End use: Two 8-810ry office buildings - 480,00 sq. ft. <br />23.5 aerc site <br />$76,5C10,ClOO investment <br />$1.9 lnillion increase in annual property taxes <br />400 new Jobs (lOCI% living wage) <br /> <br />The Gateway Center project is located at 50] West Lawson Avenue (NE corner ofI-35W and 1-694) in <br />Arden Hins. The building on the site first was used as a rendering plant, then to manufacture foam <br />insulation and most recently by A TS Steel as a facility for cutting and grinding operations. Costs eligible <br />for TBRA reimbursement mcIude investigation, RAP preparation/oversight and cleanup costs related to <br />soil and ground water contamination. Funding requests include $200,000 TBR.A, $600,O()() DEED and <br />$50,ClO() from Ramsey County. The end use is to be two 8-story office buildmgs (480,()()CI sq ft.) and <br />campus on the 23.5 acre site. Total investment in the project is $76,5()O,OOO. A.n increase of $1.9 million <br />in annual property' taxes expected) as is the creation of 400 neVil living-wage jobs_ <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />.n( <br />