Jul 10, 2012 at 7:21 am
ST. PAUL, MN (AP/KNSI) - Promoters of civic center expansions, a light-rail line, a minor-league ballpark and other economic development projects have submitted about 90 applications for a $47.5 million state business development fund. And St. Cloud is among the bidders for a piece of those funds.
The city of St. Cloud has applied for nine-point-six million dollars in state grant money to build a new parking ramp at the River's Edge Convention Center.
The requests turned in by Monday's deadline far exceed the available money.
Lawmakers created the fund after leaving a list of projects out of this year's state construction package. It has become the only way to get state dollars for projects that otherwise would have to get in line again when the next Legislature convenes.
The Minnesota Department of Employment and Economic Development will dole out the dollars. The winning applications could be announced in September.
Local projects have become an increasingly tough sell at the Capitol, with Republicans balking at paying for anything that could be seen as an earmark.
Temp: 9°F (-13°C)
Wind: 6 SE
Weather: light snow, mist