As the city of Arden Hills looks to a public auction of the Twin Cities Army Ammunition Plant (TCAAP), the city has scheduled a community meeting to update residents on the status of the huge redevelopment site.
Before the Tuesday forum, the city's community development director, James Lehnhoff, answered some questions about the project. Here is a summary:
Q Why is the property going to public auction?
A It's been the goal of the U.S. Army to move the property into private ownership since it was surplused in the mid-'90s. The city once was set to purchase the property and transfer it to developer Ryan Companies. But faced with a dismal real estate market, Ryan withdrew last year; the city also withdrew its offer. Shortly afterward, the Army announced that the land would be sold in a public auction, now slated for late June. Nearly 430 acres will be available for sale.
Q How will the auction work?
A The General Services Administration, which is handling the sale, will pre-qualify bidders to make sure they have the money to purchase the property and complete environmental cleanup. The required qualifications should be available in mid-May, before the property goes to auction in June, at www.auctionrp.com/Property_details.cfm?id=1114.
The land will only be sold as one large piece, not divided up and sold piecemeal.
Q Will any of the land be used for a motor sports development or a Vikings stadium? Will it become a big park?