Can you supply the details of this? Is it a bond or loan? Which buildings are we talking about. Do we, the taxpayers, have a security interest? What happens if they default (other than us having to pay the bill).
I ask this because I have long believed we should have let the target center go bankrupt and then, if there were no other buyers, buy it for pennies on the dollar instead of the ludicrous dollar-for-dollar state/city aid package they got. Once we owned it we could have run it as desired and eventually sold it for a profit. On Monday, September 23, 2002, at 08:54 AM, Victoria Heller wrote: > September 30th, next Monday, is the deadline for Brookfield to pay > Minneapolis $17.4 million. > > If Brookfield doesn't pay, the struggling Minneapolis taxpayers will > have > to. > > It seems to me that our Mayor and City Council will have to choose > between > the rich municipal bondholders and their constituents who are trying > to make > ends meet. > > Will the real Democrats please step forward? > Robert Schmid Central Neighborhood Candidate for Hennepin Soil & Water Board, District 2 Green Party Endorsed http://www.raptor.net/~rschmid _______________________________________ 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
