Saint Paul City School, Charter School No. 4029

New Markets Tax Credit Coalition

Saint Paul,
MN
(2021)

Saint Paul City School, Charter School No. 4029

Community, Schools, Youth and Families

A new 65,900 sq. ft. facility will be constructed at the 1.79 acre site, featuring 28 classrooms, 3 flex rooms, 13 pullout spaces for small group learning, music, art, media center, a 6,270 sq. ft. gymnasium, serving kitchen, outdoor play space, and administrative office space

Investment

NMTC Amount: $15,000,000
Total Project Cost: $17,686,437

IMPACT

127 FTE jobs
117 construction jobs
After the three schools relocate to the new site, enrollment is expected to grow from 516 students to approximately 620 students
65,000 sq. ft. of real estate

CDEs

Midwest Minnesota CDC, University Financial Corp.

Investor

US Bank

Project Description

Saint Paul City School Charter School No. 4029 (SPCS), a Minnesota public charter school and their affiliated building company Charter School Property, Inc. have requested $6M of NMTC allocation from MMCDC. NMTC proceeds will be utilized to assist with a portion of the ~$17.4M total project costs. The project involves consolidating SPCS’s three existing schools into one centralized campus to be located at 215 University Avenue West, Saint Paul. A new 65,900 sq. ft. facility will be constructed at the 1.79 acre site, featuring 28 classrooms, 3 flex rooms, 13 pullout spaces for small group learning, music, art, media center, a 6,270 sq. ft. gymnasium, serving kitchen, outdoor play space, and administrative office space. After the three schools relocate to the new site, enrollment is expected to grow from 516 students to approximately 620 students.