Thanks to Mr. Minn and Mr. Cooper for providing PRELIMINARY data.
Where might we find the ACTUAL data?
Mr. Minn states that "State law provides me complete financial
confidentiality until the project is complete." Really? I'll have to check
into that.
On Sunday, Mr. Minn wrote "Our cash of $2+ million went into the project
early ...when we bought the land almost a year ago." I just checked the
land values through the Hennepin County website - the three parcels'
assessed market values total only $536,800. According to the MCDA report,
the site has roughly 143,000 square feet. The current land value therefore
is $3.75 per square foot.
If Mr. Minn really paid $2 million for the land almost a year ago, he
forgot to tell the tax assessor and Minneapolis is getting cheated.
The MCDA preliminary uses of funds simply says "Acquisition - $2,200,000."
Since no one else ever questions these things, I'll have to do it - one
item at a time. Getting the truth out of these guys is like pulling teeth.
Why is that?
The first item to audit is the Land/Acquisition for $2+ million. Even with
all of "words" we have received from Mr. Minn, we still don't know:
1. Who bought the land? When?
2. From whom did they buy the land?
3. How much did they pay for the land?
4. Why doesn't the assessor know about the purchase of land?
5. Depending on the cost of the land, what happened to the rest of the $2+
million?
According to Hennepin County, the current owner of all three parcels is
MPLS STONE ARCH PARTNERS
C/O WALL COMPANIES
811 LASALLE AVE
MPLS MN 55402
6. Who/what is "The Wall Companies?" I have submitted an inquiry to
the Secretary of State.
As soon as I have gotten the TRUTH about the $2+ million
"acquisition," I'll move on to - "Construction $22,282,739."
This post will be the first in a series - a very enlightening series
for everyone. As we dissect each number, don't forget the big picture:
Minneapolis is NOT addressing an affordable housing problem with this
$32,827,513.00 boondoggle.
Vicky Heller
North Oaks and Cedar-Riverside
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