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The St. Paul Downtown Development Corporation announced Friday that it has acquired Alliance Bank Center from Madison Equities.
SPDDC purchased the bank note for the building back in June. The building will be overseen by a private property management company.
RELATED: Glimmer of hope for vacant Alliance Bank Center as St. Paul nonprofit purchases bank note
There will be a redevelopment evaluation, which is expected to last around a year, SPDDC said, adding that the community and stakeholders can also expect opportunities to voice opinions.
The building and several of its connections to the skyway will remain closed to the public for “the foreseeable future.”
RELATED: St. Paul cuts off skyway access through Alliance Bank Center
The post St. Paul Downtown Development Corporation acquires Alliance Bank Center first appeared on KSTP.com 5 Eyewitness News.
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