Seems I read that the projected cost savings associated with the MPRB purchase of the Moore property along the river aren't realized for quite a few years into the future (compared with renting current space), and were then pretty meager over a 30 year period. Just wondering-- was that cost analysis based on a discounted cash flow analysis of capital and operating costs vs the rent option (i.e. total costs) and, if so, what were the assumptions used for the comparison?
Today's story by Steve Brandt mentions that the MPRB may ask the City Council to sell bonds to help finance the purchase. I thought the City was in dire financial straits. How could this be justified given other City needs/priorities? (..and I read nothing of a new MPRB headquarters in the McKinsey report) How would the MPRB come up with the capital for this project (or a revenue stream to cover the bonds and ongoing operating expenses)? Brandt's article mentioned they may sell some park property near Dunwoody for a quarter million... where's the rest coming from? Comments to the list from MPRB members, CLIC members and Steve Brandt appreciated. Michael Hohmann Linden Hills www.mahohmannbizplans.com > -----Original Message----- > From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]]On Behalf Of > timothy connolly > Sent: Thursday, June 27, 2002 1:42 PM > To: [EMAIL PROTECTED] > Subject: [Mpls] New Park Board digs > > > Steve Brandt reports in todays Metro section of the > Strib that MPRB "has struck a nearly $3 million deal > to buy a riverfront building for a headquarters and > maintenance base." > > In the second to the last paragraph he reports that > Commissioner Vivian Mason strongly opposes purchasing > the property and states her reasons. > > I recall first hearing of this proposal and wondering > why buy on the riverfront which seems to me to be > fairly fancy digs for a maintenance base if nothing > else. > > I assume this is more than a place to fix lawn mowers > and weed whackers. Maybe I am mistaken in which case I > am certain I will be corrected. > > It wasn't so long ago the City of Minneapolis built a > new maintenance facility on Currie and a radio shop on > Royalston. Certainly someone must have been able to > foresee the needs of MPRB and could have consolidated > operations. > > By no means am I suggesting MPRB lose its independent > status in the total picture of our city's governance. > But governance is one thing and good sense operations > is quite another. > snip > > I would suggest that MPRB take a couple steps back and > a few deep breaths before finalizing this deal if at > all possible and consider other more radical ideas for > solving their space requirements if they have not done > so already. > > They might also examine their motives to see if they > are not guided in some degree by what I call "corner > office syndrome". > > Tim Connolly > Back with a vengeance and still alive in Downtown > West. > snip _______________________________________ 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
