T H E  M I N N E A P O L I S  O B S E R V E R
A Weekly Digest of All Things Minneapolitan
www.mplsobserver.com
Vol. 2, No. 26
February 3, 2003

To subscribe ($12/yr.), hit 'reply' and we'll set you up. Thanks.

**********************************************************

THIS WEEK IN THE OBSERVER:
* Target Center Will Snatch NRP Funds
* Fired Indian Health Board Doctors Open New Clinic
* Local Film Buff Hopes to Revive St. Anthony Main Theater
* Group Studying International Air Cargo Facility
* City Will Market Its Bomb Disposal Services
Plus: R.T.'s police problem, Pawlenty's $475,000 name change, and
remembering when men ran the city.

**********************************************************

TARGET CENTER WILL SNATCH NRP FUNDS
Already facing a dramatically slashed budget, the Neighborhood
Revitalization Program (NRP) this year will also lose money to a decidedly
non-neighborhood facility: Target Center.

As David Brauer reports in the Southwest Journal
(http://www.swjournal.com), the downtown home of the Minnesota Timberwolves
faces a $1.2 million budget deficit this year, the result of the same
legislative tax reforms that have busted the city's budget. That means the
arena's $1.6 million mortgage this year will have to come out of the city's
estimated $3 million NRP budget, said city finance director Pat Born.

The Timberwolves and Target Center's other major tenant, Northwest Health
Clubs, paid $1 million less to the city than in 2001 because of those
property tax reforms, Brauer explains, creating a fund deficit. And because
bonding debt must take precedence over NRP allocations, the city will have
to dip into the NRP fund if the mortgage payments fall short. The situation
could become more dire if the budget-strapped state legislature reneges on
its promised $750,000 annual payment.

The city already allocates $500,000 a year for arena improvements, but has
balked at making substantial changes to upgrade the facility because the
lease does not require it. Seventh Ward Council Member Lisa Goodman has
suggested selling the facility to Timberwolves owner Glen Taylor to get out
from under the $75 million obligation, but no negotiations have taken place.

FIRED INDIAN HEALTH BOARD DOCTORS OPEN NEW CLINIC
Three doctors fired last year in a controversial purge at the Indian Health
Board (IHB) will open their own clinic Feb. 11.

LOCAL FILM BUFF HOPES TO REVIVE ST. ANTHONY MAIN THEATER
A local film buff and his partners are trying to revive the five-screen St.
Anthony Main Theater by delivering a mix of mainstream, art, and
independent films.

**********************************************************
The Minneapolis Observer is published 48 times/year by Independent Media,
L.L.C. �2003 Independent Media, 4152 Snelling Ave., Minneapolis, MN 55406;
www.mplsobserver.com. No part of this publication may be reprinted without
the permission of Independent Media. Subscriptions: $12/yr. To unsubscribe,
send us an e-mail ([EMAIL PROTECTED]) and we'll get you off the list
and refund the unused portion of your subscription.
Editor: Craig Cox
Deputy Assistant Senior Executive Editor: Sharon Parker
Contributing writers: Chris Dodge, Leo Mezzrow
Equine consultant and coffee shop correspondent: Nora Cox
Perspective: Martin Cox

*******************************************************
Fight media consolidation! Support the independent press! Pick up your
neighborhood newspaper!
*******************************************************

TEMPORARY REMINDER:
1. Send all posts in plain-text format.
2. Cut as much of the post you're responding to as possible.

________________________________

Minneapolis Issues Forum - A City-focused Civic Discussion - Mn E-Democracy
Post messages to: mailto:[EMAIL PROTECTED]
Subscribe, Unsubscribe, Digest, and more: http://e-democracy.org/mpls

Reply via email to