Jul 11, 2012 at 8:09 am
ST. CLOUD, MN (KNSI) - There's no shortage of competition for St. Cloud as the city tries to secure $9.6 million dollars to build a new parking ramp at the River's Edge Convention Center.
St. Cloud applied for the money through the Minnesota Department of Employment and Economic Development. DEED has $47.5 million dollars in state grant money available for local construction projects, and the St. Cloud application is one of roughly 90 that came in by Monday's deadline. In all the applications total $288 million dollars in sought after funds.
As for the effort by St. Cloud to secure funds, Mayor Dave Kleis thinks the city's application will be looked on favorably.
"Our project has been fully vetted by the legislature for years now. It hasn't changed from the original proposal," Kleis said. "People always talk about things that are shovel ready; our project is beyond that, it is two thirds done. So we have a two thirds one third project as far as a match. We have a demonstrated economic activity that has resulted from the expansion that we did."
A decision on the funding is expected sometime in early August.
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