Post in Shhh!... Legislature's $371 Subsidy Undermines Central Cities

May 02 03:16 UTC

Strib editorial:
  http://startribune.com/opinion/editorials/18467184.html?page=1&c=

  " ...The megamall's owner, Triple Five Group, is a Canadian firm with
significant real estate holdings and banking, venture capital and other
business interests. Because the company is privately held, its finances remain
a mystery. It's possible that the megamall's Phase II would proceed without a
subsidy, which would be the best outcome for the state, the metro communities
that depend on the fiscal disparities pool, and the construction workers who
converged in St. Paul this week..."

  During the many hours of testimony before the House Tax Committee, the Chair
asked to see
        MOA's books to determine if the subsidy were needed.

  Curious to know if the Chair/members, the Senate Tax committee and/or the
Governor have seen the books. Senator Marty's article stated that it was felt
the MoA would go ahead with the project anyway...subsidy or not.

  At the hearings, one of the reasons given by mall management that the key to
the mall's success was to 'stay fresh' and the subsidy/funding were necessary
to pay for that.

  best wishes,
  cheryl luger
  nokomis east (Minnehaha) Mpls.

I never wonder to see men wicked, but I often wonder
to see them not ashamed.
                     --- Jonathan Swift