Lexington Station loses financing

Major partner pulls out because of rent control and inflation concerns. Construction of the six-story Lexington Station apartment building at 411-417 N. Lexington Pkwy. has been put on hold. Minneapolis-based developer Alatus had hoped to begin construction early next year.…

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Council sweetens city budget with new spending

Property tax levy increase is trimmed to 6.17%. Following a host of last-minute additions and subtractions, the Saint Paul City Council has adopted a city budget for 2022 that includes more money for affordable housing, police training, the replacement of…

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Cost of homeownership in city is increasing

Saint Paul’s typical homeowner will see an increase of $162 in city taxes and fees in 2022 compared to 2021, driven in part by a 6.17 percent increase in the city’s property tax levy.The owner of a median-value, $228,700 home…

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