Nonprofit buys condemned St. Paul parking ramp
The St. Paul Downtown Development Corporation purchased the condemned Capital City Plaza parking ramp at 50 Fourth St. from Madison Equities and will begin work to address safety violations, aiming to reopen it by late 2026. The privately funded deal, near the Green Line’s Central Station, keeps the ramp and the adjacent Alliance Bank Center closed for now while skyway connections to Osborn370 and Treasure Island Center remain open.
📌 Key Facts
- Buyer: St. Paul Downtown Development Corporation; Seller: Madison Equities
- Location: 50 Fourth St., downtown St. Paul; ramp condemned in April 2025
- Timeline: evaluation begins immediately; target reopening by end of 2026
- Financing: fully private, avoiding city costs to secure the property
- Access: ramp and Alliance Bank Center remain closed; nearby skyways stay open