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I remember someone on here (forgot who, sorry) saying Legacy had only floated the possibility of housing, etc without committing to it. Anyway, the Strib said there was lots of interest in the property, so it’s not a foregone conclusion that the city’s property tax base takes a hit.

Charlie Rybak@charlierybak.bsky.social

I think this deal blowing up is bad news for the city. The lost tax revenue will be paid for in property tax increases and budget cuts, and the city budget is nearing crisis levels. I wrote about why we need to rethink our approach a few days ago here: tcbmag.com/some-data-ce...

I realize Strib Heritage plant is built tank-like, making it tougher to redevelop & easier for a commercial use like a data center. But we need to stop treating Minneapolis like a beggar who has to take the first thing that comes along. The N Loop is quite vital & there are higher/better uses there.

I saw so much bad development approved in the ‘90s because city leaders (and their journalism cheerleaders) were so thirsty. I think it’s ok to let this site cook.

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