Opportunity: Redevelop 122 acre superfund site with largest building in MN into new 1.6 million sf business park.
Plan: Redevelop 122 acre site in phases, allowing for new development to begin immediately while leases in existing building burn off.
Challenge: Figure out how to develop site immediately, while existing building is leased through 2015. Secure $30 million in extra ordinary funding to pay for new infrastructure, demolition and environmental cleanup.
Completion Date: Phased redevelopment will take 5-7 years, cleanup of 30 acres southern portion of site and redevelopment will begin in early 2014.