According to the city Finance Department, Minneapolis is on the hook for about $1.6 billion in debt and operational costs for the convention center, the Vikings stadium, and the Timberwolves arena over the next 20 years.
\nBroken down, that’s an annual three checks adding up to $80 million, money that’s off the table for paving East Franklin Avenue, fixing swings at Kenwood Park, or financing low-interest business loans on West Broadway.<\/p>\n
Instead of economic development, a city chose rich man’s stadiums.<\/p><\/blockquote>\n
That also explains why the City Council today is expected to approve spending another $800 million to fix crumbling roadways and haggard parks over the next 20 years.<\/p>\n
Simply put, a lot of money is already gone<\/p><\/blockquote>\n
The funny part; while the situation in Minneapolis no doubt will spawn a few instant budget hawks, five will get you 10 the thin trickle of media that\u00a0do\u00a0<\/em>bother to cover the story will be back shilling for the DFL by Labor Day.<\/p>\n","protected":false},"excerpt":{"rendered":"The government of Minneapolis under the last (note to Mitchell: find the number of consecutive DFL mayors the city has had) has observed that old Scarsdale ritual:”Take care of the luxuries, and the necessities will take care of themselves!” And it’s working about as well as it does for any entitled Insurance salesperson’s\u00a0spouse: According to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17,255],"tags":[],"class_list":["post-58631","post","type-post","status-publish","format-standard","hentry","category-minneapolis","category-the-racket"],"_links":{"self":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/58631","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=58631"}],"version-history":[{"count":3,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/58631\/revisions"}],"predecessor-version":[{"id":58676,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/58631\/revisions\/58676"}],"wp:attachment":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=58631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=58631"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=58631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}