Strib: Re-developer may seek tax subsidy for East Downtown land

Eric Roper says Ryan and Wells Fargo are still kicking the tires of the newspaper’s property — presumably the chunk west of Park Avenue that isn’t being eyed for a public stadium plaza, with an eye toward commercial redevelopment. And, as is often the case in the Twin Cities downtowns, the developers may be looking for a handout from City Hall. Roper says they want as much as $35 million in tax increment financing, that’s the property tax increment that would be paid on the improved and presumably more valuable property. The Strib says its potential buyers may look at office space and up to 460 apartments.

http://goo.gl/maps/6uC8t

  • Ann M

    I have talked to many adults who say that they won’t watch news programs because they get too depressed. It seems that many adults don’t know how to deal with death or pain. Events like terrorism are a good opportunity for the family to talk about ethics and values.This life is not heaven and I have a Christian perspective on what happens.

  • Gary F

    How do you talk to your kids about Kermit Gosnell?

  • Sophie

    Even as the holy and the righteous cannot rise beyond the highest which is in each one of you, So the wicked and the weak cannot fall lower than the lowest which is in you also. – Kahlil Gibran