February 24, 2007 1:18 AM
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.
(© MMVII, CBS Broadcasting Inc. All Rights Reserved.)
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 3045 found on this site. Click the image to be taken to the original post. A new list is created every 10 minutes.
I do love the upper concourse. Feels like home already.
This opportunity is half a block up Third Avenue and thousands of people walk right by before and after games.
Look closely and you'll see limestone on the front of the press box!
I believe that the truck is parked in one of the curb cutouts which are being installed to facilitate ticket sales and traffic calming.
Condiments! (complete with faux limestone on the cart -- nice touch)
These images are found at the top of the staircase, which leads to the Suite Level.
I don't know if the back side is also a test for materials, but it could be a hint of how the exposed steel supports will be finished. Or it could just be to hold up the stone.
Work on one of the side panels
(Click to enlarge.)
Also warming things up are these planters.
Ballpark elevation diagram, viewed from Fifth Street. (Click to enlarge.)
Gate 6 is quite large
The main concourse is a very busy place at all times.
This will be a great neighborhood. Note that the covering is being built for the emergency access. Also, note the streamers above, which appear to be monitoring air flow.
There's a great, big, beautiful tomorrow! (I loved this place as a kid.)
The view out Gate 6 "Oliva".
Wind veil install from across Seventh
A spot that's always full!
Looking across the plaza toward the main ticket area.
The Fun Zone/Rescue Area in Oakland during the second inning
A look at Gate 34.
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.)
Glove from above
The gate has grown a row of sponsorship
At the end of the balcony you can see down the promenade.
A slightly different elevation drawing, again viewed from Fifth Street, with some labels. (Click to enlarge.)
This is the trapezoid (for lack of a better name) in right center. Be sure to notice section of seats just below the pavilion and above the fence (which I hadn't noticed before). For those who are interested, what looks like an old-style scoreboard is in fact a high-def video board which will look, at times, like an old-fashioned scoreboard.
BPM - Ballpark Magic
BRT - Bus Rapid Transit
DSP - Dave St. Peter
FSE - Full Season Equivalent
FYS - Fake Yankee Stadium (see also: NYS)
HERC - Hennepin Energy Resource Company (aka the Garbage Burner)
HPB - Home Plate Box
HRP - Home Run Porch
LC - Legends Club
LRT - Light Rail Transit
MBA - Minnesota Ballpark Authority (will own Target Field)
MOA - Mall of America
MSFC - Minnesota Sports Facilities Commission (owns the Metrodome)
NYS - New Yankee Stadium
SRO - Standing Room Only
STH - Season Ticket Holder
TCFBS - TCF Bank Stadium
TF - Target Field
Selected Bibliography - Analysis
First Edition (1992)
Second Edition (2006)
Selected Bibliography - Surveys
Second Edition (1987)
Not a "Third Edition" exactly,
but it replaced the above title
(2000, large coffee table)
Original edition (2000, round)
Revised edition (2006, round)
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Combines the previous two titles
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Selected Bibliography - Nostalgia
Book and six ballpark miniatures