Downtown development focus of St. Cloud's future
4 Nov 2024
News
Revitalizing downtown remains the focus of St. Cloud's future economic goals.
Most recently, Capital One shut down in February 2024. At its peak, the financial institution employed around 550 people downtown at 30 Seventh Ave. S. Capital One’s lease on the building expires in 2028 as the building remains vacant, and its future use unknown.
“It’s an ongoing lease, and sometimes property owners aren’t motivated to (find a new tenant),” said Cathy Mehelich, St. Cloud's economic development director.
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