"Target, after all, was built the way most Minnesotans say they want their sports venues built: privately. Only after private investment faltered and the state shrugged its shoulders did Minneapolis step in to rescue the arena and the Minnesota Timberwolves basketball team in 1995."
VH comments: Private businesses that are ill-conceived or poorly managed are supposed to fail. The owners and investors should take the financial hit, not the taxpayers. Bailing out the Target Center is just another example of corporate welfare that was prevalent in Minneapolis during the last decade. Our financial predicament can be traced to these transactions, not the LGA cut. Trying to buy a failing enterprise is like trying to catch a falling knife. Even if you get it, you'll be hurt. Here is the link to the editorial: http://www.startribune.com/stories/1519/3731262.html Vicky Heller Cedar-Riverside and North Oaks 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
