In a message dated 12/21/2000 11:01:16 PM Central Standard Time,
[EMAIL PROTECTED] writes in part regarding Target Corporation:
<< I say it would be better for them to pay living wages and provide full
medical benefits to all their employees. >>
I have always assumed that Target pays competitive wages and provides
competitive employee benefits... am I missing something?
I have posted numerous times to this list regarding use of TIF support of
commercial retail and office space development in Minneapolis, and it's
impact on the general fund. However, regarding all the recent bad-mouthing
of Target Corp. (I have no connections with Target) for accepting City funds
to help develop their downtown facility-- I assume Target has pretty
well-established investment hurdles/guidelines to meet concerning capital
investment projects and new store construction... The City wanted Target
downtown... Target has many development opportunities around the country...
Downtown development is more expensive than development in most suburban
locations, and such downtown development costs would have precluded Target
from putting their facility in downtown Mpls., thus the City stepped in to
cover the development cost difference in a negotioted deal... if city
residents don't like the deal, blame the politicians that negotiated it,
using our money in the process... I'm sure it was just a business decision
for Target... a political decision for our elected leaders.
M. Hohmann
13th Ward
