Right and how about the almost 20 per cent vacancy rate downtown? Lisa McDonald East Harriet ----- Original Message ----- From: Becker Sent: Thursday, June 13, 2002 6:59 AM To: Minneapolis Issues Subject: Re: [Mpls] City Actions at Gaviidae Dean Carlson wrote:
> Whether you agree with the decision or not, the City's vote to discontinue
> negotiations and take possession of the downtown Saks 5th Ave. building
was
> pretty bold. Obviously our leaders wanted to send a message that it isn't
> business as usual at City Hall.
>
> But was it smart?
Could someone explain what the City plans to do with the several hundred
thousand square feet of retail space if they end up owning the building,
especially with the existing retail climate (read I recently walked through
City Center) in the downtown?
Carol Becker
Longfellow
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