I apologize to Mr. Peterson in naming his city incorrectly. However, I
stand by my sentiment. Just because he wants a huge corporate tower instead
of a car dealership is no reason to give big tax dollars toa profitable
multi-millionaire companies. Best Buy could have negotiated to buy that
land without the city stepping in and taking over people's property. I feel
that way in Minneapolis, Bloomington, or Richfield for that matter. Unless,
as I have said before that there is significant blight, and there is no way
you can tell me that this is the case for that area of your city. On a
metro-wide basis there are plenty of significantly worse areas that need
help. Your city council has just fallen into the self-perpetuating trap of
corporate wealthfare.
Russell W. Peterson
Ward 9
Standish Ericsson
R U S S E L L P E T E R S O N D E S I G N
"You can only fly if you stretch your wings."
3857 23rd Avenue South
Minneapolis, MN 55407
612-724-2331
[EMAIL PROTECTED]
Russell W. Peterson, RA, CID
Founder
-----Original Message-----
From: [EMAIL PROTECTED]
[mailto:[EMAIL PROTECTED]]On Behalf Of Steve Peterson
Sent: Thursday, September 21, 2000 10:47 AM
To: Multiple recipients of list
Subject: RE: Response to CM McDonald re: City Budget & Use of TIF
At 01:06 AM 9/21/2000 -0500, Russell Wayne Peterson wrote:
>And don't forget, 494 has a huge TIF district to attract a major wealthy
>corporate tenant from Eden Prairie to Bloomington. Once we start going
down
>this path, it just gets worse. :-)
For what it's worth, the Best Buy development is in Richfield, not
Bloomington. (Our big TIF district is a little farther east down 494 ;>)
And before you rail on too much about Richfield doing TIF there, you should
look at two things: the current condition of that area, and the amount of
commercial/industrial tax base in Richfield.
Steve
--
Steve Peterson
Bloomington City Council -- District 1
+1 952 884 3262
[EMAIL PROTECTED]
