Was reading Terry Fiedler's article in Monday's StarTribune about the Sears site's costs escalating . It seems that the estimated $19 million in TIF needed in March has already risen to an estimated $32 million. I'm beginning to think that Enron's old accountants have relocated from Texas to the north end of interstate 35. I don't so much have a problem with financing something to redo the Sears site as I have with large errors in cost estimates. Yes costs increase with delays but a 68% increase in 2 months. Please tell me my property taxes aren't going to reflect this same percentage increase next year.
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