Minnesota last week awarded $25 million in state bond grant funding to help build a new $54 million ballpark in St. Paul’s Lowertown for the Saint Paul Saints baseball team.

Gov. Mark Dayton last week announced the capital grant from the Minnesota Department of Employment and Economic Development. The Saints and St. Paul are expected to cover the remaining costs.

“After years of dedication and advocacy, we are about to bring baseball into downtown Saint Paul,” Mayor Chris Coleman said in a statement.

Earlier this year, the city negotiated a land swap with the Saint Paul Port Authority, which purchased the Diamond Products building that will serve as the project’s site.

The port conveyed the property to the city in exchange for the site of the current Saints ballpark.

The ballpark will seat about 7,000 and take two years to build. The Saints are members of the American Association of Independent Professional Baseball. 

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.