Please take a few minutes to read this article and browse the comments. Draw your own conclusions as you count the CYA's. Who couldn't see this coming in 2005, when gas first hit $3 a gallon??? Outer ring real estate markets shut down over night. The contraction of the metro inward was inevitable! Sure makes a person wonder where we would be today had the Bott's and Bremer thrust to spend $125,000,000+ on expansion come to fruition? How much cheaper is land today? How much cheaper is debt today? Guess we got off easy with that wild goose chase only costing the district $250,000+ to kick the idea around a bit! That $250k+ sure would have been useful in the preventative maintenance kitty!
On a side note, do you think some of the issues discussed in the article might have something to do with Minneapolis having a higher school tax load at $300k assessed value than Westonka?
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