[Forwarded on behalf of list member Lisa McDonald. - David Brauer, list
manager]
Harris made a small profit on the sites to the east the City bought. Trust
me it was cheaper than condemning them. Allina will pay taxes but MDI won't.
Lisa McDonald
Tenth Ward Council Member
> -----Original Message-----
> From: List Manager [SMTP:[EMAIL PROTECTED]]
> Sent: Friday, March 09, 2001 8:27 AM
> To: Mpls list
> Subject: RE: [Mpls] Sears Site Bailout
>
> The Strib story on the Sears site is here:
>
> http://www.startribune.com/stOnLine/cgi-bin/article?thisStory=83744301
>
<snip>
> The other $700,000 is to buy back miscellaneous parcels Harris and his
> partner acquired to round out the Sears site. No word in the story if they
> made a profit on this part of the deal.
>
> Two big remaining questions are: how much the new redevelopment plan will
> produce in property taxes (I believe MDI and Allina, the two likeliest
> tenants for two of the three parcels, are non-profit), and how many local
> jobs will be created (the reason the MCDA got mixed up in this in the
> first
> place)?
>
> David Brauer
> List manager, Minneapolis-issues
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