I'll pay $20 per sq ft for the parcels. Craig Miller Ready willing and able to build housing on the river with no subsidy from the city [EMAIL PROTECTED]
> Vicki I am willing to partner with you to offer $10.00 per square foot for > the same land. Perhaps we could start the "MPLS List Development and Trust > Company, LLC". If this is indeed not a subsidy then our offer should be > accepted. You know Vicki we could build "Affordable " mixed use on the > site, Condo everything for home ownership and individual business > ownership, and still do all right, buying the land that cheap. > > You know Vicki you are fighting unfairly. Like Foghorn Leghorn says, "You > can argue with me but you can't argue with mathematics". > > Jim Graham, > Ventura Village (and wondering why I don't ever get deals like that) > > ----- Original Message ----- > From: Victoria Heller <[EMAIL PROTECTED]> > To: Mpls Forum <[EMAIL PROTECTED]> > Cc: <[EMAIL PROTECTED]> > Sent: Saturday, October 05, 2002 9:32 AM > Subject: [Mpls] Guthrie Land Sale: More fun with numbers..... > > > > 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 _______________________________________ 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
