Bids end on Star Tribune's land - Vikings the likeliest buyer

**singersp** · 05-13-2008, 06:02 AM

[size=13pt]Bids due on Star Tribune's land[/size]

Five-block Minneapolis parcel could bring up to $60M as newspaper and its owner face sliding revenue

By Nicole Garrison-Sprenger and Gita Sitaramiah
Pioneer Press

Article Last Updated: 05/12/2008 10:20:03 PM CDT

(No caption with photo) Bids on the Star Tribune's five-block plot of land in downtown Minneapolis are due today, according to an offering memo obtained by the Pioneer Press....

**singersp** · 05-13-2008, 06:05 AM

Well once that's sold, kiss the idea of a new downtown stadium in that area goodbye. Wilf needed that area to build the new stadium & with the lack of funds, he is unable to purchase it now.

**Mr-holland** · 05-13-2008, 06:15 AM

"singersp" wrote:

Well once that's sold, kiss the idea of a new downtown stadium in that area goodbye. Wilf needed that area to build the new stadium & with the lack of funds, he is unable to purchase it now.

I know when the first article was there, i thought we already bought it...

**NordicNed** · 05-13-2008, 06:30 AM

Is this the same land that some of the tailgate lots are to be found?

**Marrdro** · 05-13-2008, 06:31 AM

Maybe the Trib wouldn't be in such financial trouble if they had some decent reporters.

**Zeus** · 05-13-2008, 08:31 AM

"Marrdro" wrote:

Maybe the Trib wouldn't be in such financial trouble if they had some decent reporters.

I read the entire STrib every day, and that comment is ludicrous.

=Z=

**Zeus** · 05-13-2008, 08:31 AM

"singersp" wrote:

Well once that's sold, kiss the idea of a new downtown stadium in that area goodbye. Wilf needed that area to build the new stadium & with the lack of funds, he is unable to purchase it now.

What lack of funds?
Where's the documentation of this?
It wasn't in that article.

What was in that article is that the STrib's parent company is asking twice the assessed value of the land for the purchase, which, in today's market, is just plain silly.

=Z=

**Mr Anderson** · 05-13-2008, 09:01 AM

"Zeus" wrote:

"singersp" wrote:

Well once that's sold, kiss the idea of a new downtown stadium in that area goodbye. Wilf needed that area to build the new stadium & with the lack of funds, he is unable to purchase it now.

What lack of funds?
Where's the documentation of this?
It wasn't in that article.

What was in that article is that the STrib's parent company is asking twice the assessed value of the land for the purchase, which, in today's market, is just plain silly.

=Z=

He should sell one of his malls here in Jersey, I think he owns "The Short Hills Mall" in Short Hills, NJ, like 20 minutes from my house. He owns a ton of property in NJ, all of which could sell for big bucks, so I doubt there's a shortage of funds.

**seaniemck7** · 05-13-2008, 09:32 AM

"Mr" wrote:

"Zeus" wrote:

"singersp" wrote:

Well once that's sold, kiss the idea of a new downtown stadium in that area goodbye. Wilf needed that area to build the new stadium & with the lack of funds, he is unable to purchase it now.

What lack of funds?
Where's the documentation of this?
It wasn't in that article.

What was in that article is that the STrib's parent company is asking twice the assessed value of the land for the purchase, which, in today's market, is just plain silly.

=Z=

He should sell one of his malls here in Jersey, I think he owns "The Short Hills Mall" in Short Hills, NJ, like 20 minutes from my house. He owns a ton of property in NJ, all of which could sell for big bucks, so I doubt there's a shortage of funds.

Well he did have to put a call into his investors to pay JA his $15M signing bonus...