Groundbreaking a sign of the redeveloping times in Roseville

Officials, including Roseville Mayor Dan Roe, center, tossed dirt July 18 to mark the groundbreaking of Colder Products Company’s new 132,000-square-foot headquarters on Cleveland Avenue in Roseville. (Mike Munzenrider photos)

Though work at the site had begun earlier this year, on July 18 officials from Colder Products Company, Ryan Companies and the City of Roseville gathered in the 2800 block of Cleveland Avenue for a groundbreaking ceremony on CPC’s new headquarters.

The 132,000-square-foot facility is slated to be open next summer, and CPC officials have said it will bring hundreds of good-paying jobs to the city.

Dan Mueller, director of development for Ryan, which is building the headquarters, noted that construction wouldn’t be happening without Roseville, which is contributing tax increment financing to the project.

Roseville is contributing up to $3 million over 26 years in the form of TIF, with just less than a third of that going toward environmental cleanup of the former truck terminal site, according to Roseville Community Development Director Janice Gundlach.

She noted that Ramsey County put forth about $300,000 for the project, while the Minnesota Department of Employment and Economic Development is contributing about $1 million.

Tax increment financing works by taking expected increases in property taxes generated by the redevelopment of a site, and funneling that cash back into the project to cover certain costs.

CPC, which makes couplings, fitting and connections, has nearly 400 employees worldwide and the company’s move to the city is a part of the continuing redevelopment of Roseville’s Twin Lakes area.

Roseville City Manager Pat Trudgeon credits a strong economy with helping along the transformation of the Twin Lakes area, which, like the CPC site, was a sea of disused trucking terminals that left behind contamination.

Proposed redevelopment along Fairview Avenue and on County Road C, where a mixed-use development of retail and housing is in the early planning stages, are also working their way through the city.

For Roseville City Council member Wayne Groff, who participated in the groundbreaking, the benefits of such redevelopment are twofold: he said it brings jobs, particularly when it comes to CPC, as well as sidewalks, creating a better connected city.


—Mike Munzenrider

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