>From Steve's article........ "Ryan offered $2 million for the site. Allina Health Systems paid $5.2 million for the much-smaller north end of the Sears site last year. Rivals also point out that Ryan offered the city the lowest price for the complex. Yet it also sought the highest developer fee at about $8 million, which city evaluators rated as reasonable."
Vicky: Selling the Sear's site for $2 million is equivalent to writing a $20+ million check to Ryan. Will Ryan be the owner of the finished product? Or will they flip it to another entity? What will Ryan do to EARN its $8 million "developer's fee?" Are they also paying themselves "construction fees?" Who are the City evaluators who claim the $8 million fee is "reasonable." On what basis? At the risk of being accused of using inflammatory language, this Ryan deal looks like GRAFT to me. (Definition of "graft" is: the acquisition of gain (as money) in dishonest or questionable ways; also : illegal or unfair gain.) Once again, if Ryan acquires that site for $2 million, I will file a complaint, as a Minneapolis taxpayer, with the U. S. Attorney. http://www.startribune.com/stories/462/4229695.html Vicky Heller North Oaks REMINDERS: 1. Think a member has violated the rules? Email the list manager at [EMAIL PROTECTED] before continuing it on the list. 2. Don't feed the troll! Ignore obvious flame-bait. For state and national discussions see: http://e-democracy.org/discuss.html For external forums, see: http://e-democracy.org/mninteract ________________________________ Minneapolis Issues Forum - A City-focused Civic Discussion - Mn E-Democracy Post messages to: mailto:[EMAIL PROTECTED] Subscribe, Un-subscribe, etc. at: http://e-democracy.org/mpls
