The most noteworthy development was the approval of Resolution 25-24, authorizing a $100,000 loan to Lenoir Bidal LLC from the Housing and Redevelopment Authority’s business assistance fund. The resolution passed unanimously.

Attention then turned to the implementation of a downtown investment strategy. This strategy aims to revitalize downtown St. Paul through legislative support for office-to-residential conversions and necessary updates to the local arena, which plays a vital role in the city’s economy. The arena, now 25 years old, is in need of renovations to maintain its economic contributions. The authority emphasized the urgency of obtaining state funding for these renovations to avert potential losses in economic benefits and team relocation.

In collaboration with the Federal Reserve Bank of Minneapolis, the authority is developing a comprehensive housing data dashboard. This tool is intended to provide clarity on housing availability relative to income levels, addressing misconceptions about housing shortages and focusing on affordability issues. Such data-driven approaches are set to enhance policy-making and provide a clearer understanding of housing dynamics in St. Paul.

The authority is also spearheading a city-wide economic development strategy, a new initiative aiming to thoroughly analyze the local economy, set growth goals, and develop policies to improve business retention and infrastructure. This comprehensive strategy highlights the need to address sales tax leakage and attract retail businesses, areas previously not prioritized. By streamlining processes in development services and public works, the authority seeks to create a more conducive environment for economic growth.

Discussions also highlighted the importance of minor community improvements and their impact on public perception. Simple acts, such as painting over graffiti on streetlights, were cited as examples of small changes that can enhance community investment and return on investment. This anecdote illustrated the broader strategy of focusing on manageable improvements to achieve substantial benefits.

Moreover, the meeting addressed the forthcoming comprehensive study, set to begin in March, which will investigate the Department of Safety and Inspection’s permitting process—often viewed as a barrier to development. The study, facilitated by a consultant, will provide actionable recommendations to improve interdepartmental operations and promote economic development. This examination will include a review of master plans, particularly in key development sites such as United Village, where vertical development is anticipated in the spring.

Concerns about outdated downtown zoning and transportation issues, exacerbated by post-COVID realities, were also discussed. The need for flexible zoning regulations and improved signage was emphasized as a means to rejuvenate downtown St. Paul. Additionally, the authority is developing a toolkit for accessory dwelling units (ADUs), offering pre-approved plans to ease the building process and address housing density challenges.

The authority’s approach to loan management was another focal point, with considerations to outsource the loan portfolio to streamline operations and enhance efficiency. While the authority no longer leads direct lending, it provides business relief loans and is exploring partnerships with lenders. Outsourcing loan servicing is seen as a strategy to alleviate internal staff burdens while maintaining oversight on lending practices.

Finally, the meeting touched on reviewing District Council funding formulas in light of demographic shifts and the varying capacities of district councils. This review aims to ensure that funding allocations are equitable and informed by current community needs.