Company with property-flipping past seeks city business Steve Brandt, Star Tribune Published April 5, 2003
A mortgage and construction company hoping to profit from the redevelopment of the former north Minneapolis public housing site has a history of making huge gains on the rapid resale of property. City officials say that they are concerned, but that they were unaware that the Genesis Consulting Group had resold dozens of homes, often within a single day and for almost twice the original purchase price, until contacted by the Star Tribune. "Obviously, that's a major issue for us," said Kim Havey, a city official overseeing development of what is now called Heritage Park. "I don't want to presume that they're guilty until we take a look at it," Havey said. City Council Member Natalie Johnson Lee said she expects city development officials to make sure that developers do right by the community and those who buy homes in Heritage Park. http://www.startribune.com/stories/462/3805474.html Shawn Lewis, Field Neighborhood -- _______________________________________________ Sign-up for your own FREE Personalized E-mail at Mail.com http://www.mail.com/?sr=signup 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
