--- Victoria Heller <[EMAIL PROTECTED]> wrote: > The big guys are bailing out of Minneapolis with big losses!
[TB] Looks to me that someone is making an investment in downtown Minneapolis. No taxpayer subsidy, they see value in buying property in Minneapolis. A new investor in downtown seems like good news. Selling property for less than one pays for it may not even be a loss. We don't know how much depreciation the prior owners may have taken on the property to reduce their basis going into the sale. The view of downtown office buildings as I look out my living room window looks much different today than it did 6 or 7 years ago. There is a significant amount of office space that didn't exist then. Perhaps a better measure of the health of Minneapolis is the amount of occupied office space. When Target, for example, builds a new building so that it can consolidate some of its functions that's a healthy situation even if it takes some time until the previously occupied space fills up. The "Minneapolis is Bad" arguement just doesn't hold up. Terrell Brown Loring Park 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
