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® $1.50 <br /> SS <br /> VOLUME 1 16, BEER The Business Journal of the Twin Cities <br /> VOLUME IS,NUMBER 34 <br /> `JOHN NOLTNER <br /> '1 at " e • Ambitious project <br /> RyziF.. , 7�', r• <br /> qr <br /> WPM ��� / may.serve as a model for urban renewal <br /> ��OO ach „� � "'c <br /> By Jennifer Ehrlich <br /> `gneatly�expanded; ,�� +aaR 1 .� Stag reporter <br /> Pt` en jfouleva d. The Phalen Shopping Center in cast St.Paul is hardly <br /> v <br /> the first struggling retail strip to fall to the wrecking ball. <br /> R <br /> r3 v, <br /> {� +.' It will no doubt cam a footnote in urban redevelopment <br /> history,however,for what will take its place: a wetlands. <br /> In the days leading u to the demolition last weekend, <br /> Wr <br /> . an organizer navigated the neighborhood and worked his <br /> y <br /> cell phone to make sure a cast of city dignitaries would <br /> } <br /> be on hand to witness the moment of crowning symbol- <br /> `4 P ism—Mayor Norm Coleman's release of a Bald Eagle <br /> J � > <br /> F _ ', in the wilds of the parking lot. <br /> 21}ry r �,5 But the Ames Lake Wetland restoration is only one <br /> part of an extremely ambitious urban revitalization pro- <br /> gram, a project aimed at bringing back jobs and growth <br /> �" ; �` '• y. ' to one of St. Paul's most economically troubled neigh- <br /> borhoods. It is also unique: Where most urban renewal <br /> s projects look to convert dying industrial areas lo new <br /> t uses, this project seeks to recover the area's industrial <br /> heyday. <br /> The Phalen Corridor Initiative ultimately aims to <br /> redevelop a two-nule section of the cast side,converting <br /> PHALEN to page 40 <br />