The Midway Shopping Center may soon have a new landlord, one eager to see a Major League Soccer stadium cut through its boundaries.

The St. Paul Port Authority will vote Tuesday on whether to partner with Irgens, a Milwaukee-based developer responsible for hundreds of health care and commercial real estate developments across the country. The three-way joint venture operating agreement would give Irgens a 60 percent ownership stake in the partnership, which would manage the 16-acre strip mall property off Snelling and University avenues.

Minnesota United team owners would maintain 30 percent ownership, and the Port Authority’s real estate entity, Capital City Properties, would control the final 10 percent.

The joint venture will pay strip mall owner RK Midway of New York $2.3 million annually, with financial obligations resting — in order — on tenant rents, the team, Irgens and lastly, Capital City Properties. In exchange, the partnership will be able to seek new tenants for the Midway Shopping Center and reconfigure it as necessary to accommodate a $150 million stadium, which will be conveyed to the city of St. Paul.

The Port Authority’s summary outline of the partnership agreement describes possible “housing, retailers, restaurants, medical office, entertainment and athletic facilities.” Related Articles Minneapolis and St. Paul to add 70 electric car charging stations

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The agreement also seems to indicate that major stadium construction will start this summer: “Construction of that stadium is expected to begin in summer of 2017 with games beginning as early as late 2018, but more likely in March of 2019.”

The partnership will be run by a six-member board of governors, with each partner appointing two members to the board. Irgens would provide the day-to-day property management and is expected to buy out the other partners by Dec. 31, 2022 “so long as market conditions … make doing so economically feasible.”

Irgens maintains its primary offices in Milwaukee, Chicago and Phoenix.