It doesn't sound like the land sale issue is going to be resolved any time soon. It seems only fair to hear from the landowners' representatives as they try to explain what's going on. This is from WCCO TV in tonight's news:
Feb 23, 2007 6:41 pm US/Central
Landowners In Twins Ballpark Project: Not Greedy
(WCCO) The landowners in the Twins ballpark project don’t like being portrayed as greedy.
The stadium plan is stalled right now over how much the land is worth, pitting Hennepin County against the group that owns the land. The landowners said the problem is that the County isn’t keeping an agreement to have an arbitration board set the purchase price.
"We've never, ever said that you can have the property for a price you name," said Richard Pogin, a general partner of the landowner group.
He said from the start, the deal with government officials has been that if a fair value couldn't be agreed on, the property would be taken by eminent domain and a Hennepin County court would arbitrate.
"They knew that going back to 2004,” said Pogin, “it's the same as it is now, we have never ever changed that position."
Hennepin County Commissioner Mike Opat said the county never has had such an agreement.
Pogin said the County's offers have been too low, and the county’s now holding up arbitration since the parties can't agree on a price. He said it's like anyone selling their house to the government, but they can't agree on a price.
"And you say to them, well I don't agree to it," said Pogin, "but I'll agree to some independent arbitration of what the value of my house is, to which the government says, 'No we won't agree to that,' and you for asking for an independent arbitration, you are greedy."
Pogin said he's responsible to his group's investors, and he'd be sued for mismanagement if he accepted less than fair market value.
"Nobody would do that," he said, "and if we even proposed it, we would be removed as general partners, that's crazy."
Opat said the county has tried to negotiate in good faith, but the landowners want more than $40 million. Opat said the land is currently valued for property taxes at $8 million.
I must admit that I don't exactly understand this argument, which is summed up in this sentence:
...if a fair value couldn't be agreed on, the property would be taken by eminent domain and a Hennepin County court would arbitrate.
This admits that the first method of setting the value could be through negotiation. Then, if that failed, they would be happy to accept condemnation with valuation by an outside party. But I think everyone admits there has been no negotiation here. The county said a price, the owners said a price, and the two were so far apart that no one has ever said anything else since.
So it seems as if the owners realized as soon as Pawlenty's signature was dry that they could probably do better with an outside arbiter since the county was limited by the infrastructure cap in the law. Rather than bother with pointless negotiations, they just set their price well above what they knew the county had to offer. Really, it's a pretty good strategy from their point of view.
But it ignores that any dollar amounts had ever been used in the past. Pogin makes it sound like the landowners are in the same position as someone whose house is being involuntarily seized for something like freeway construction. This conveniently ignores the fact that Land Partners II has been more than just a willing partner in this project up to this point. In fact, they initiated the whole idea of building on their land!
Asking for arbitration is certainly not a sign of greed in itself. In fact, we shouldn't fault them even if profit is the sole motivating factor. They bought the land hoping it would increase in value, and it has. Pogin is right in saying that he'd be fired if he suggested selling for less than market value.
But even they would surely admit that one of the key factors in determining the "market value" of this particular piece of property is its designation by law as the site for a new multi-million dollar sporting facility. Were there no law at all, or if the law were site-neutral, this surface parking lot would be worth a whole lot less (like, say, oh about $14MM). As Craig pointed out in a comment to my previous post, bad legislation is really the culprit here. The Legislature probably thought they were giving the county leverage by imposing a cap, when in fact they removed all leverage simply by mandating which piece of land the county needed to buy.
Perhaps the amendment to seek from the Legislature is not to raise or remove the infrastructure cap, but to simply strike the site-specific language. Just make it possible to legally consider other sites within Hennepin County and see what that does to the "market value" of this particular surface parking lot.
It was mentioned elsewhere, but there is still a similarly-sized parcel of vacant land next to the new Guthrie Theater (designated, for now, as park land). Lots of people still really think the ballpark should be on the river somewhere...
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This page was last modified on January 21, 2010.
"You talk about the magic, the aura, but what really makes a stadium is the fans. Concrete doesn't talk back to you. Chairs don't talk back to you. It's the people who are there, day in, day out, that makes the place magic."
– Bernie Williams
Explore the Site
Here are 50 images chosen randomly from the 3004 found on this site. Click the image to be taken to the original post. A new list is created every 10 minutes.
The Northstar circulation building is starting to take shape.
Very nice Admin glass.
I noticed this detail while taking the previous picture. I figure that it must be the VIP entrance from the surface parking lot. I don't think there is any parking inside the ballpark, so this entrance will likely be for suite-dwellers and other VIPs, though I can't say for sure whether players will enter here.
A scene repeated about a million times each game
TCF Bank Stadium. Not for baseball, but still pretty cool to watch being built.
Glass going in over the Oliva gate.
This gate opens onto Seventh Street from the circulation ramps, but it appears to actually be an entrance gate, rather than an exit gate. It has something of a Bat Cave feel about it because it's not a gate proper, but an area of louvers that will swing in, virtually disappearing when closed...
Ballpark elevation viewed from the promenade (HERC plant) side. (Click to enlarge.)
The scoreboard terminates the view on Fifth Street as seen from Hennepin
Opening day, 2010
Not me, but it might as well be.
This is from inside the B ramp, where an entrance to the plaza will one day be
This looks south and shows how the Northstar tracks are sheltered by the promenade above. This is the side which faces the HERC plant.
A familiar view through the top floor elevator lobby window in ramp B (HRP View and Terrace).
Ballpark elevation viewed from Seventh Street. (Click to enlarge.)
And another angle looking at the overhang area of the right field pavilion. This looks to me like a great area to watch a game.
Here's the entrance from the seating bowl.
What a great sight!
Section 139, Row 8
Here's the current overview from the south side of the B ramp (from which the banner at the top of this page was culled).
The parking bay structure is now clearly visible
Sunday afternoon, WFTC-HD 720P
Replays on the out-of-town scoreboard!
Looking from near the entry doors toward the center, the atrium is just visible at the far right.
Click to enlarge
The Carew lounge was all ready for some corporate event.
Glove from above
Reverse view, now looking down Sixth toward the park. The Met Stadium flag pole will be right there!