Sears site road and utility infrastructure funding provided, bonds issued, and money appropriated.

This bill authorizes the state of Minnesota to issue up to $95 million in bonds to fund road and utility infrastructure improvements at the Sears site in St. Paul. The funds will support construction of sanitary sewer and clean water systems, public utilities, streets, sidewalks, lighting, and streetscape improvements needed to prepare the area for future development. The legislation also defines the Sears site boundaries and establishes the legal framework for managing bond proceeds, including provisions for environmental remediation and demolition of existing structures. This measure is designed to provide necessary infrastructure support for the redevelopment of the former Sears property.