St. Paul Nonprofit SPDDC Acquires Distressed U.S. Bank Center Loan to Stabilize Commercial District

Saint Paul, Monday, 12 January 2026.
Marking a pivotal shift in St. Paul’s commercial landscape, the St. Paul Downtown Development Corporation (SPDDC) has acquired the distressed loan for the U.S. Bank Center. This strategic nonprofit intervention effectively ends Madison Equities’ management tenure, aiming to stabilize the prominent downtown asset and drive urban revitalization efforts amidst a challenging office property market.