Craig Miller wrote "The nonprofit model is proving to be an unmitigated waste of extraordinary amounts of precious revenues".
Yes indeed. Plymouth Congregational Church Foundation is collecting $5.4 million taxpayer dollars to buy and renovate a building at 1920 LaSalle into supportive housing for the mentally ill, chemically dependent and HIV-positive. There will be 40 units in this facility at 360 s.f. each. I've done the math and my calculations show that each of those 360 s.f. rooms are costing the taxpayers approxiamtly $313/s.f.!!! Class A office space downtown might cost $125/s.f. A mansion in Kenwood may cost about $250/s.f. And Plymouth is building supportive housing for $313/sf. This is almost $113,000 for each 360s.f. unit. Plymouth had contributed about $119,000 of the $5.4 million (the rest will come from us). And they will end up owning a piece of property that will be worth some $3,000,000. ....Non-profit??? Lynne Lowder Stevens Square/Loring Heights __________________________________________________ Do You Yahoo!? Yahoo! Sports - sign up for Fantasy Baseball http://sports.yahoo.com _______________________________________ 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
