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  1. #1
    singersp's Avatar
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    Stadium Plaza Sells For $17M

    Plaza Near Vikings Stadium Sold For $17M

    http://tcbmag.com/News/Recent-News/2013/October/Plaza-Near-Vikings-Stadium-Sold-For-$17M

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  2. #2
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    Minneapolis Venture bought the property in 2007, when Hennepin County had assessed its value at only $4.5 million, the Star Tribune reported. Its value skyrocketed, however, when plans for the new $975 million Vikings stadium were developed.
    I wonder how much this billion dollar stadium is going to cost after their down acquiring all the land & parking areas they want & building the stadium itself.

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  3. #3
    Purple Floyd's Avatar
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    Stadium Plaza Sells For $17M

    When the bids come in they will probably have to keep the done and settle for a bathroom remodel and a new swastika for the roof.
    Last edited by Purple Floyd; 10-27-2013 at 11:00 PM.

  4. #4
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    Quote Originally Posted by Purple Floyd View Post
    When the bids come in they will probably have to keep the done and settle for a bathroom remodel and a new swastika for the roof.
    The city and county should have went eminent domain. This is a public project.

  5. #5
    Purple Floyd's Avatar
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    That doesn't necessarily save any money, just time.

  6. #6
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    Quote Originally Posted by Purple Floyd View Post
    That doesn't necessarily save any money, just time.
    The owner asked the county to appraise the land lower for taxes, so that is the accepted base value. It would be up to a judge to go from there.

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    MN Taxpayers Ante Up More Than Other NFL Cities


    KAALtv.com - MN Taxpayers Ante Up More Than Other NFL Cities

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  8. #8
    Purple Floyd's Avatar
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    Quote Originally Posted by singersp View Post

    MN Taxpayers Ante Up More Than Other NFL Cities


    KAALtv.com - MN Taxpayers Ante Up More Than Other NFL Cities
    Wait........ What?


    "New stadiums generate very little in the way of new income, very little in the way of new employment and very little in the way of new retails sales and tourism," he said.

  9. #9
    Minniman's Avatar
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    Quote Originally Posted by singersp View Post

    MN Taxpayers Ante Up More Than Other NFL Cities


    KAALtv.com - MN Taxpayers Ante Up More Than Other NFL Cities
    The Wilfs are known to be fair in their real estate dealings. We should trust this is the best deal for Minnesota.



    Or ... maybe not.

  10. #10
    Purple Floyd's Avatar
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    Quote Originally Posted by Minniman View Post
    The owner asked the county to appraise the land lower for taxes, so that is the accepted base value. It would be up to a judge to go from there.
    Where did it say that? The article only said what it was appraised at after it was purchased in 2007. Obviously, after the stadium deal was reached the value went up just like the surrounding properties and now the property was worth more. The owners of the property gambled and won. An eminent domain judge would not base the value on what it was assessed at 6 years ago and may have given it a higher value.

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