http://www.startribune.com/stories/535/3944578.html
Consider these quotes from today's Strib article: "The Target store had been part of a city-funded redevelopment project." "Target Corp. declined to disclose the purchase price" "Jerry's bid was not the highest the retailer received." "Jerry's is not receiving city subsidies to open the Cub store," Here is the way this works: (Estimates based on tax records) The City borrows $3 million and builds Target a property. Target doesn't like the property any more. Target sells the property to Jerry's for ???, say $2 million. Target pockets the proceeds instead of reducing the City's debt. Jerry's gets the property at a discounted price (yes, subsidized.) Minneapolis taxpayers get the shaft: Debt remains, tax base drops. Vicky Heller, Frustrated in North Oaks Trying to make sure Minneapolis taxpayers are Cheated by Choice! 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
