Good Bones, But Needs Rehab

Age:  20-plus years
Square feet:  830,000
Location :  Downtown Minneapolis
How much:  estimated rehab budget of $120 million.

Unless your fixer upper happens to host NBA games, don’t expect Mayor R.T. Rybak to propose a “public-private partnership” to help defray your costs.

Yet, that’s exactly what’s being contemplated to help Timber Wolves owner Glenn Taylor spruce up the Target Center — presumably to accommodate more corporate suites, which in turn will help goose tickets sales.

So, here are two questions this Minneapolis homeowner/taxpayer/Realtor/blogger has:  1) will my taxes go up and/or city services be cut to pay for the Target Center renovation?; and 2) will Taylor re-pay taxpayers’ largesse by raising the price of Timber Wolves’ tickets?

P.S.:  Dear Mayor Rybak:  if this post happens to reach your attention, I have two words of advice:  ‘user fees.’

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

Leave a Reply