> Janis Hall wrote: > > "Our business decision to move downtown is based on our belief that > Minneapolis is a great city to invest in. Our building at Lyndale has > appreciated in value since we purchased it in 1999 and we have every > reason to believe that this new building will also be a good investment > for us. So we're growing our business and investing in the city." > > Vicky adds a slight clarification: > > The Skyway News and Southwest Journal are not "investing" in Minneapolis. > The property at 1115 Hennepin is owned by the TJ & Z Family Limited > Partnership, c/o Janis Hall. > > The newspapers will simply be a "tenant" paying rent to the family > partnership. There is a difference between "investing" and being a tenant.
Vicki's seems a distinction without a difference. Janis never specified what the ownership structure was - and does it really disqualify the purchase as an investment in the city? Here you have two people who built a solid neighborhood newspaper from scratch, rescued another failing one, employ a couple of dozen people in the city, and bought a second building so they could a) employ more and b) yes, improve their net worth by making a bigger bet on city real estate. Sounds like an investment to me. Perhaps only some investments are "economically correct." I hope less "e.c." members still get the main point that there are businesspeople in town who feel that on balance, there's a lot more good than bad in the city. David Brauer King Field Editor, Southwest Journal and Skyway News 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
