Eagan OKs purchase of Cedar Grove parcel for upscale outlet mall

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non-starter

Burnsville, MN

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#202
Jan 4, 2013
 

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Amused Slew wrote:
I like "you" FORGETTING the building jobs, the REVENUE/taxes, and the management/worker jobs in a BLIGHTED DEAD LAND.... Sure SHUT DOWN THE COUNTRY, then pretend it's not YOUR fault.
You are clueless, how do the building jobs, and revenue taxes, even though there are no sales taxes charged on clothing and go to the state, benefit Eagan? Eagan doesn't get their $40 million back from those temporary construction jobs and sales taxes that go to the state general fund.
A simpleton's misguided view of the paradise that is an as of yet undeveloped outlet mall. Keep on posting, you show how clueless you are with each posting mr low integrity poster.
Amused Slew

Seattle, WA

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#203
Jan 5, 2013
 

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Jobs benefit Eagan.... Property taxes benefit Eagan...New development benefits Eagan, including a new park...Sorry about your tree house, ms low integrity poster.
Amused Slew

Seattle, WA

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#204
Jan 5, 2013
 

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On the heels of last month's preliminary approval by the Eagan City Council, Paragon announced this week that Saks Fifth Avenue OFF 5TH will be a major anchor store at the 441,000-square-foot, open-air outlet mall.

Paragon has said it will court many of its "retail partners" that are found at the company's other outlet malls, including Brooks Brothers Factory Store, Coach, The Children's Place, DKNY and Nike.

Paragon said the project is expected to bring about 400 construction jobs, and another 1,500 to 2,000 permanent jobs when the mall opens in November 2014.
non-starter

Burnsville, MN

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#205
Jan 5, 2013
 

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Amused Slew wrote:
On the heels of last month's preliminary approval by the Eagan City Council, Paragon announced this week that Saks Fifth Avenue OFF 5TH will be a major anchor store at the 441,000-square-foot, open-air outlet mall.
Paragon has said it will court many of its "retail partners" that are found at the company's other outlet malls, including Brooks Brothers Factory Store, Coach, The Children's Place, DKNY and Nike.
Paragon said the project is expected to bring about 400 construction jobs, and another 1,500 to 2,000 permanent jobs when the mall opens in November 2014.
The building jobs don't go to Eagan, there isn't a construction company located there. The Revenue taxes go to the state, and there are no taxes on clothing in Minnesota, and the mall portion of Cedarvale could have been re-developed for much less without Eagan getting involved. You are grasping at arguments once again low integrity poster. But keep on trying, your posts show your true lack of understanding.

In addition, Eagan couldn't get the developer to buy an additional 6 acres to build a parking ramp, the developer declined, but in the $14.73 million purchase price,$4.2 million of that price is going toward a $19 million parking ramp Eagan has to build as part of the agreement. Eagan's taxpayers are still on the hook for $40 million, and the 6 acres the parking ramp will take up leave 10 acres left in the area for Eagan's grandiose plan for an upscale mixed-use develpoment. Way to go Eagan, take land with no idea what it will be used for later, only to lose millions subsidizing a "rich" developer's outlet mall. Those millions don't include lost tax revenue the past five years while Eagan has sat on the property and the interest Eagan has paid these past 5 years.

Eagan, come for the eminent domain, stay for the outlet mall.
Amused Slew

Seattle, WA

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#206
Jan 5, 2013
 

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Jobs benefit Eagan.... Property taxes benefit Eagan...New development benefits Eagan, including a new park...Sorry about your tree house, ms low integrity SPAMMING poster.



On the heels of last month's preliminary approval by the Eagan City Council, Paragon announced this week that Saks Fifth Avenue OFF 5TH will be a major anchor store at the 441,000-square-foot, open-air outlet mall.

Paragon has said it will court many of its "retail partners" that are found at the company's other outlet malls, including Brooks Brothers Factory Store, Coach, The Children's Place, DKNY and Nike.

Paragon said the project is expected to bring about 400 construction jobs, and another 1,500 to 2,000 permanent jobs when the mall opens in November 2014.
Amused Slew

Seattle, WA

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#207
Jan 5, 2013
 

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The jobs don't go to Eagen ??? NO ?? They go to surrounding community residents, dumb dumb ! LMAOROTFU~! Tell the truth, you don't care about your neighbors... LMAOROTFU~

ms low integrity SPAMMING poster.
non-starter

Burnsville, MN

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#208
Jan 5, 2013
 

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Amused Slew wrote:
Jobs benefit Eagan.... Property taxes benefit Eagan...New development benefits Eagan, including a new park...Sorry about your tree house, ms low integrity SPAMMING poster.
On the heels of last month's preliminary approval by the Eagan City Council, Paragon announced this week that Saks Fifth Avenue OFF 5TH will be a major anchor store at the 441,000-square-foot, open-air outlet mall.
Paragon has said it will court many of its "retail partners" that are found at the company's other outlet malls, including Brooks Brothers Factory Store, Coach, The Children's Place, DKNY and Nike.
Paragon said the project is expected to bring about 400 construction jobs, and another 1,500 to 2,000 permanent jobs when the mall opens in November 2014.
Paragon is also chipping in $4.2 million for a $19 million multi-level parking ramp the city will build, own and maintain, said Gene VanOverbeke, Eagan's director of administrative services. The ramp is reportedly going to take up an additional 6 acres of land.

In turn, since 2000, the city's EDA has spent about $40 million in acquiring land in the area and investing in infrastructure with the aim of luring mixed-use development.

The mall's footprint leaves about 16 acres of city-owned land(- 6 acres for the city owned ramp) for future development that could help fulfill the city's vision for a mix of uses in the area.
Amused Slew

Seattle, WA

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#209
Jan 5, 2013
 

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So, you'll be getting infrastructure improvements as well as jobs and development ?? Congratulations, I expect your trailer/tree house will increase in value...Jobs benefit Eagan.... Property taxes benefit Eagan...New development benefits Eagan, including a new park...



ms no information low integrity SPAMMING poster.
Bert

Saint Paul, MN

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#210
Jan 5, 2013
 

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So non-starter, you've been posting the same things over and over again regarding this project.

Why did the city proceed with this project if they didn't feel it benefited Eagan?
non-starter

Burnsville, MN

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#211
Jan 5, 2013
 

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Bert wrote:
So non-starter, you've been posting the same things over and over again regarding this project.
Why did the city proceed with this project if they didn't feel it benefited Eagan?
Because they are bad at math and paybacks? Ego? Building an edifice to their own "greatness"?

They could have re-developed Cedarvale Mall independent of the rest of the area with much less outlay and risk of public funds.

Eagan, come for the eminent domain, stay for the outlet mall.

Eagan, think about visiting our outlet mall after you spend all of your money at the Mall of America less than 10 minutes away.
Amused Slew

Seattle, WA

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#212
Jan 5, 2013
 

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WOW ! Name calling/insults as proof ??? You REALLY miss your tree-house, right loser ???
Bert

Saint Paul, MN

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#213
Jan 5, 2013
 

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They could not of attracted Paragon by putting a fresh coat of paint on Cedarvale Mall. I would guess a remodel of the existing mall was an early part of the discussion.

It's proximity to MOA is an important part of it's attractiveness. Nothing draws a crowd like a crowd. People have mentioned Medford and other far flung outlet malls as a comparison. Apples and oranges. It ignores the three most important rules of real estate. Location, location, location.
Amused Slew

Seattle, WA

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#214
Jan 5, 2013
 

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Jobs benefit Eagan.... Property taxes benefit Eagan...New development benefits Eagan, including a new park...Sorry about your tree house, ms low integrity poster.

LOVE your "logic", as you present your new "rules" ...where no stores can be open within "10 minutes" of another store OF ANY KIND ???
Amused Slew

Seattle, WA

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#215
Jan 5, 2013
 

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1) The city sold a PORTION of the land (still owns part).
2) A blighted area was removed.
3) Ultimately more taxes will be brought in
4) Thousands of new jobs created.
5) This will spur more development, bringing in more jobs and more people.

So, by your reckoning it is a bad thing when the city of Minneapolis buys the crack house off an otherwise healthy block, tears it down, and sells the land to a developer?

I'll tell you where Republicans are dead wrong - money is not the only thing in this world.
non-starter

Burnsville, MN

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#216
Jan 5, 2013
 

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Amused Slew wrote:
1) The city sold a PORTION of the land (still owns part).
2) A blighted area was removed.
3) Ultimately more taxes will be brought in
4) Thousands of new jobs created.
5) This will spur more development, bringing in more jobs and more people.
So, by your reckoning it is a bad thing when the city of Minneapolis buys the crack house off an otherwise healthy block, tears it down, and sells the land to a developer?
I'll tell you where Republicans are dead wrong - money is not the only thing in this world.
1. City committed 35 out of 45 acres.
2. A run down mall was removed. The rest of the area wasn't "blighted".
3. More taxes may be brought in, but after how many years. What is the payback on the additional taxes vs. the $40 million, interest on the $40 million, and lost tax revenue for over 7 years while the city owns the property(mall opens 2014.
4. The jobs brought in are jobs you argue against every where else, low paying non-unionized jobs, that you were against before you were for them.
5. Conjecture, conjecture, conjecture. Where is all this development going to occur? No open areas of any size left in Eagan. There is an upscale retail area going in on the corner of Pilot Knob and Yankee Doodle on the old Lockheed campus, and there was an attempt at an upscale retail area off of 55 just north of Lone Oak that hasn't lived up to expectations and still sits about 1/2 full.
non-starter

Burnsville, MN

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#217
Jan 5, 2013
 

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Amused Slew wrote:
1) The city sold a PORTION of the land (still owns part).
2) A blighted area was removed.
3) Ultimately more taxes will be brought in
4) Thousands of new jobs created.
5) This will spur more development, bringing in more jobs and more people.
So, by your reckoning it is a bad thing when the city of Minneapolis buys the crack house off an otherwise healthy block, tears it down, and sells the land to a developer?
I'll tell you where Republicans are dead wrong - money is not the only thing in this world.
It is a bad thing when you compare a crack house to an area of small businesses. You must be hitting that pipe pretty hard.
Amused Slew

Seattle, WA

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#218
Jan 5, 2013
 

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So, how do you keep putting your price on the cost, if there's land available for future sale/development??

Oh right, YOU LIE 15, cent guy... LMAOROTFU~!

Sorry pal, but when all you have is lies, questions, and spam...YOU'RE A LOSER !
non-starter

Burnsville, MN

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#219
Jan 5, 2013
 

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Bert wrote:
They could not of attracted Paragon by putting a fresh coat of paint on Cedarvale Mall. I would guess a remodel of the existing mall was an early part of the discussion.
It's proximity to MOA is an important part of it's attractiveness. Nothing draws a crowd like a crowd. People have mentioned Medford and other far flung outlet malls as a comparison. Apples and oranges. It ignores the three most important rules of real estate. Location, location, location.
They weren't trying to attract Paragon until this last year, years after they took the property with no end use committed. I never said put a fresh coat of paint on Cedarvale, I said "re-develop". You might want to re-read that and then look up what "re-develop" means. As for location, location, location, it is off the main way, and is inconvenient to get there any way except by Cedar Avenue.

Once again, Eagan overstepped their charter and tried to become a property developer, and used their "authority" to take from one group of property owners and sell to another group at a current $40 million loss. Is that loss paid for by investors?

Nope, Eagan lost current and future money entrusted to their care by the taxpayers.
Amused Slew

Seattle, WA

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#220
Jan 5, 2013
 

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non-starter wrote:
<quoted text>It is a bad thing when you compare a crack house to an area of small businesses. You must be hitting that pipe pretty hard.
It must be bad, when you don't see the business was toast and the area needed help... Poor liar, you "answer" a single point with insults, rather than proof and prove YOU'RE A LOSER PUTZ ~! LMAOROTFU~! Cheap retort...
Amused Slew

Seattle, WA

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#221
Jan 5, 2013
 
It's Off the main way, despite the "Paragon is also chipping in $4.2 million for a $19 million multi-level parking ramp the city will build, own and maintain, said Gene VanOverbeke, Eagan's director of administrative services. The ramp is reportedly going to take up an additional 6 acres of land."

Funny, you don't even absorb your own drivel ! LMAOROTFU~!

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