I have asked this question before and am still looking for the answer; When the city gives money to a private company for development, are there any stipulations placed on that company when they take the money? For example, if I go to Northside Housing and get a low interest loan on my house, the first $1000 of the loan doesn't have to be paid back IF I live in the house for five years. If I sell my house in less than five years, I have to give that $1,000 back (and they do come after it). Are any stipulations made with corporations? Also, everyone talks about the money Target got to build downtown. They also got money for building on Broadway ($15 mil or something like that). How about Lake Street and their Quarry store? Seems like they should be able to afford some loss (if there is a loss) when they get all that free money.
Anne McCandless Jordan ----- Original Message ----- From: "Shawn Lewis" <[EMAIL PROTECTED]> To: <[EMAIL PROTECTED]> Sent: Thursday, June 05, 2003 6:46 AM Subject: [Mpls] EDITORIAL :Target breaks promise to community > EDITORIAL > > Target breaks promise to > community > > By: Ron Edwards > Minnesota Spokesman-Recorder > > Originally posted 6/4/2003 > > Target breaks promise to > community > > The Target Corporation's announcement > last week that it will close its store > in North Minneapolis at Broadway and > Lyndale Avenue North has gripped this > portion of the city, which will be > devastated economically and possibly > politically. This decision throws into > question the relationship between Target > and its parent companies - the Dayton > Hudson-Marshall Field is empire - and > the City of > Minneapolis. > > In a news release from Minneapolis City > Council Member Natalie Johnson Lee, > (Green Party, 5th Ward, where this > shutdown is targeted), she raises the > question asked whenever corporate > America decides to pull the rug out > from under the least of its citizens, > which, in this case, is clearly us, > people of color: What about the > $66 million in subsidies that the Target > Corporation received for its significant > and lucrative venture in downtown > Minneapolis (a very large Target store, > Target corporate headquarters, and other > amenities and > considerations)? > > The decision by Target has not been met > by the "Oh Boss, that's okay" that the > Target hierarchy anticipated, particularly > in light of the ease with which reliable > sources tell us they closed a store > in Detroit. > > The decision to close this Target > by August 2, throwing 123 citizens, > human beings, into the street (a very > significant number of them African > Americans and residents of the immediate > community) staggers the mind with respect > to a once great corporation whose > reputation was that of being caring > in its relationship with communities > of color. > > We understand that both Council > Member Natalie Johnson Lee and State > Representative Keith Ellison will be > holding public information meetings, > or even hearings, to review the impact > our community will suffer as an > outgrowth of this decision by Target. > The rationale provided to a group of > African American leaders a week ago > was that this store is in the lower > fifth percentile of stores in terms of > profit making. > > > http://www.spokesman-recorder.com > > 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. Don't feed the troll! Ignore obvious flame-bait. > 2. If you don't like what's being discussed here, don't complain - change the subject (Mpls-specific, of course.) > > ________________________________ > > 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 TEMPORARY REMINDER: 1. Don't feed the troll! Ignore obvious flame-bait. 2. If you don't like what's being discussed here, don't complain - change the subject (Mpls-specific, of course.) ________________________________ 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
