Anybody know what happened this morning with this issue at the City Council,
or is still pending?  I checked the webcast just now but only got some nice
Muzak and some graphics.

Gregory Luce
St. Paul

-----Original Message-----
From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf
Of Scott McGerik
Sent: Friday, November 19, 2004 12:42 PM
To: Mpls List Issues
Subject: Re: [Mpls] Stop City Council from giving away control of
ourtheatresto Clear Channel


Gregory Luce wrote:

> I'm deeply troubled by handing over these public assets, to be managed
> by a a private entity

These only became publicly owned because the City of Minneapolis 
expended tax-collected dollars to purchase and maintain these 
properties. For all the talk of keeping home ownership affordable, the 
City Council's actions speak otherwise. Everytime the social engineers 
on the City Council purchase a theater or building to further some 
social engineering goal, they have to pay for it by collecting taxes, 
either now or in the future, from the property owners. The continuing 
rise of property taxes only serves to make home ownership within 
Minneapolis more expensive.

If these theaters are so valuable that they can't be allowed to fail 
then let those who believe so put forth their own money. That is, let 
the theater backers risk their own money. After all, is that not what 
so many people are asking of Red McCombs and Carl Pohlad? Why should it 
be any different for a theater on Hennepin Ave?

Rather than wait thirty years to transfer ownership of these theaters, 
the City Council ought to put them up for auction, individually or as a 
group. And, at the same time, the City Council ought to get out of the 
redevelopment business. Rather than stepping in when the private market 
supposedly fails, it ought to ask what barriers it put in place to 
cause the market to fail.

Scott McGerik
South St Paul (formerly Hawthorne)
http://scott.mcgerik.com/










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