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...
"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 3037 found on this site. Click the image to be taken to the original post. A new list is created every 10 minutes.
Who Owns What (Click for larger version. Source: Ballpark Authority)
Loading docks to the right, VIP entrances to the left.
The closed concession stand.
Final pieces arrive
Don Swanson, left, in-coming commander of the Richfield American Legion, and Joe Kennedy, right, out-going commander, are pictured with the Legion's new flag pole, which once stood at old Metropolitan Stadium. (Click to enlarge.)
Hops! (conceptual only)
View level as seen through the Seventh Street circulation ramp
This is as close as I could get to a pedestrian-eye view of Seventh Street (looking west away from downtown). It's inviting, not imposing, and remarkably dignified.
A sharp-eyed reader caught me trying to make the best of a bad situation with my SP-570UZ on Sunday afternoon
Door to the visitor's clubhouse.
This is a slightly blurry view of the pavilion in center. It has a quirky shape, but one which is completely consistent with the overall ballpark design. Nice work there. You can also get a glimpse of the greenery which will rise above the fences.
Detail of view to the northeast (Source: LP)
The main concourse is a very busy place at all times.
Rich Pogin (left) and Bruce Lambrecht (Source: Skyway News)
(Click to enlarge.)
The view through a construction "knothole".
Concrete molds are being removed!
Comerica Park main entrance: Tigers, bats, and much (maybe too much) more (Source: LP)
Larry DiVito, mowing
From an earlier visit: Don't bother with those escalators either. They were also roped off. And how about a bench? Or a planter? Or even a trash can? That woman is doing the only thing she can: leaning up against a post to do her texting.
Ballpark elevation viewed from the promenade (HERC plant) side. (Click to enlarge.)
New Concept Drawing - No Roof
At left, across the tracks by that pile of dirt is where the Northstar commuter train platform will be built, and where Twins fans will apparently NOT be able to get a train after night games. (For reference, that's the Fifth Street bridge, with the ballpark site just beyond it. The east corner of Ford Centre is just visible at the right edge of the picture.)
JohnW provides this shot of a construction barricade on First Avenue
The plate marker is just to the left.
Sunday afternoon, WFTC-HD 720P
This view, through a B ramp window, won't last forever.
Items promoting the Twins 2014 All-Star Game bid. I got to bring one of these buckets home, and Noah got his first-ever taste of Cracker Jacks.