The Minneapolis Rubes are getting taken again. In the real estate world we call vacant or buildable land "dirt". 'How much is the dirt?' Well, out here in the sticks, dirt that had corn on it last year and houses built upon it next year goes for about 120,000 per acre or $3.00 per sq ft. That's if it has a street, gutter, and municipal water/sewer.
So thirty miles away from downtown it's three bucks. And the city is giving it away for $5-7. Listmembers, this land along the river could go for $30-50 per sq ft if you want to. Just think what we could fund with $1.3-2.1 Million dollars. MPS could hire 100 teachers for a year. MPB could hire 300+ park supervisors for one summer. I have no idea how many ESL specialists could be hired to teach english to new hard working immigrants. The city has to stop selling such valuable land for so little money. Craig Miller Former Fultonite [EMAIL PROTECTED] > One acre of land contains 43,560 square feet. > > Last fall, Steve Cramer (then executive director of the MCDA) said that the > land sale to the Guthrie involved "no subsidies" - it was a "fair market > value" deal. 10 acres of the City's BEST RIVERFRONT LAND for $3 million. > That was $6.79 per sq. ft. > > Now we ponder selling two parcels: > > Seven acres to the Guthrie for $4 million = $7.62 per square foot. > Three acres to ????? for $2.3 million = $5.68 per square foot. > > A Few Questions for Council Members (MCDA Commissioners): > > Minneapolis paid $50.00 per square foot for Target Store land. Why is > Riverfront land so cheap? > > Why is there a discrepancy between the two prices: $7.62 vs. $5.68? The > parcels are adjacent. > > How much did the City pay to acquire the land, and how long have we been > holding it (off the tax rolls?) In other words, what was our COST - so we > can calculate our LOSS. > > Lots of investors would LOVE to buy riverfront land at those prices: Where > do we submit our bids? How will you choose the WINNERS? > > Eagerly awaiting a reply, > > Vicky Heller > North Oaks and > Cedar-Riverside (a stone's throw away from the site in question) > > > > > > _______________________________________ > Minneapolis Issues Forum - A Civil City Civic Discussion - Mn E-Democracy > Post messages to: [EMAIL PROTECTED] > Subscribe, Unsubscribe, Digest option, and more: > http://e-democracy.org/mpls > _______________________________________ Minneapolis Issues Forum - A Civil City Civic Discussion - Mn E-Democracy Post messages to: [EMAIL PROTECTED] Subscribe, Unsubscribe, Digest option, and more: http://e-democracy.org/mpls
