Monday, August 20, 2007
Twins Stadium Cite Valued at $23.8 Million Dollars
In what will surely enliven debate concerning the appropriateness of spending tax dollars on stadium ventures, the 3 member condemnation panel charged with valuing the site where the new Twins stadium will be built valued the land at $23.8 million dollars. The Twins originally offered $17 million for the land. The sellers, however, claimed the land was worth more than $65 million. http://minnesota.publicradio.org/display/web/2007/08/20/ballpark/ Only two of the three appraisers voted and the non-voting member refused to give reason for abstaining. As the general public continues to disagree over whether it is appropriate for government to subsidize professional sports, there will likely be outcry for this additional $5.8 million dollars. Not to mention the amount of money that was flushed down the toilet in litigating the dispute.
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The saga continues...
http://www.startribune.com/462/story/1372478.html
The third condemnation commissioner filed a dissent from the commission's findings arguing that the land is worth $33.2 million. Virtually guarantees an appeal of the ruling in the courts. Let's hear it for costly, time-consuming litigation!
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