Forwarded on behalf of Steve Minn. -- David Brauer, list manager

-----Original Message-----
From: Steve Minn [mailto:[EMAIL PROTECTED]] 
Sent: Friday, April 05, 2002 10:03 PM

David Polaschek is one of the more reasonable people on the Marcy Holmes
board, but he has a few factual errors in his last post.

We never proposed to put student in affordable units. They are not
eligible.
They may rent the market rate units if they want. $1450 for a 2BR/2BA is
below the GrandMarc, Melrose, Pinnacle, Falls, and Heritage Landing
rates.
We prefer bike/walk residents working downtown.

We purchased the track rights to the south ADM track, guaranteeing is
discontinuation. We are simply negotiating a price for track removal.
The
north tracks get four cars a day in and four cars a day out. Not exactly
a
freight yard operation.

Metal-Matic had the enormous petroleum spill in 1995 and only did
minimal
clean up under relaxed state standards. Their pollution goes to the
water
table, so close to the river. Our clean-up grant is designed to reclaim
the
riverfront, provide natural vegetation and eliminate most of what
Metal-Matic left below. Shame on them, good for us!

We will have fully operable windows in the units. Dave must be referring
to
our agreement to provide upgraded noise insulation in our building,
reducing
exterior to interior noise by 40db(A). That's just a tenant amenity.
Actually, our site is about 200% less noisy that the North
Star/Humbolt/Washburn Lofts location across the river, where $1mil
townhomes
have been selling out. The site is actually very quiet. Drop by and
check it
our for yourself.

The working riverfront IS the amenity. There is this enormous park right
across the street, walking trails, the lower bluffs are just beautiful.
If
Metal-Matic is so dangerous, how come a daycare center on the other side
of
the street from Metal-matic has existed for ten years without a peep?

How come other industrial land-come residential projects like Lourdes
Square, Winslow House, LaRive, all high-end stuff are okay, but suddenly
this "industrial site" is not okay for affordable development?

-Steve Minn

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