The City of Duluth has recently submitted two requests for public works funding from the Minnesota Department of Employment and Economic Development’s (DEED) Capital Project Grant Program. The $47.5 million pot was allocated from this year’s bonding bill to DEED to support local projects around the state.
In the request, the City is asking for $5.8 million to go towards much-needed Wade Stadium renovations and another $10 million for the construction of a new parking ramp downtown.
Wade Stadium is seeking state support to make a number of improvements to the grandstand and field at the stadium, including upgrades to the field’s drainage system. The estimated $11.6 million project has already received the city’s pledge for a one-to-one match on the total cost of the project; however, lack of state investment has put the project on hold.
“The Wade is a regional landmark,” said Senator Roger Reinert, “the project has the financial backing of the city and the support of the community, which makes the bid a strong contender.”
Late last month, Duluth announced its proposal to build a 15-story building in partnership with AtWater Group LLC. The structure would house both office and retails spaces, and is expected to cost $80 million. The project is contingent on the receipt of a $20 million public contribution. The $10 million grant request for the building’s parking ramp construction would cover half of the project’s public commitment.
“This new project would be a significant addition to our western downtown community,” said Senator Reinert.
The Capital Project Grant Program has nearly a dozen criteria to consider while reading through the 90 total proposals received. DEED expects to have final awards announced by the end of the summer.