This according to the McKinsey & Company report (page 5) issued to Mayor Rybak and the City Council on 3/25/02.
The exact quote: "Over the past 5 years, the city spent nearly $1 billion through MCDA, NRP, and the Planning Department. During this time, the city gained only 57 housing units and had job growth significantly lagging suburbs. The city's financial situation is uncertain." Here is the link to the entire report: http://www.ci.minneapolis.mn.us/citywork/mayor/docs/Phase1Summary.pdf Does anyone else wonder what happened to all of that money? Mayor Rybak said in his "State of the City" address that he would have to TRIPLE property taxes over the next ten years unless significant cuts in spending occur soon. Where's the outrage? Posted by: Victoria Heller North Oaks, Minnesota Cedar-Riverside Property Owner (Ward 2) _______________________________________ 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
