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Port Authority Funds

Category: Local Incentives


The Red Wing Port Authority (RWPA) has financing resources available for redevelopment projects, including revolving funds and direct budget expenditures. The RWPA has a “Downtown Revolving Loan Fund” that has supported a variety of downtown projects. Currently, this fund is subject to further evaluation by the Port Board as to its primary purpose and use, with a fund balance of approximately $150,000. In addition, the Port’s annual budget allocates funds to “Land Improvements” that can be further allocated to specific (re)development projects (on an annual basis). This budget has ranged recently from $250,000 - $350,000, which could potentially help fill a financing gap; no applications are required as this would likely be part of another application.


Contacts

Shari Chorney
Port Authority Manager
419 Bush Street
Red Wing, MN 55066
Phone: (651) 385-3639
Shari.chorney@ci.red-wing.mn.us