St. Paul decertifies Westminster Junction TIF early
The St. Paul Port Authority board voted Monday to decertify the 26-year Westminster Junction TIF redevelopment district five years early, returning the East Side business center to the full tax rolls after outperforming projections. The 25-acre site along Phalen Boulevard and Cayuga Street has grown from a blighted rail yard with about 50 jobs to 15 companies with 913 jobs, lifting annual property taxes from $138,000 to $2.6 million, which officials say will help reduce the city’s levy.
📌 Key Facts
- Port Authority board decertified the TIF district five years ahead of schedule.
- Site transformation: from ~50 jobs to 913 jobs across 15 companies on 25 acres.
- Annual property tax revenue increased from $138,000 to $2.6 million.
- Location: East of I-35E along Phalen Blvd. and Cayuga St., St. Paul.
- Context: Insight St. Paul estimates the city captures ~$36M/year in TIF (7.9% of taxable property), with a target cap below 10%.