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The wild ride of the South Minneapolis real estate market
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| Skyrocketing prices, foreclosures, recession, what next? |
Go to your local daily news-paper or turn on the television or radio news station on right now, and you’ ll probably find a story on the collapsing real estate market. There are wildly contradictory predictions about what will happen and what it all means.
None of these experts really knows for sure because the dou-ble helix of real estate and mort-gage lending has become so complex so quickly; it’ s impos-sible for anyone to truly under-stand all of it.
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Met Council
must trim
millions from
LRT plans
Between now and Feb. 27, the date for a decision on plans for the proposed light rail project to link Minneapolis and St. Paul, the Metropolitan Council has to trim at least $150 million from its current $990 million design package.
Responsible for both design and construction of the proposed Central Corridor Light Rail Line, the Met Council heads the Central Corridor Project Team in collaboration with the Minnesota Department of Transportation, the cities of Minneapolis and St. Paul, Hennepin and Ramsey counties, and the University of Minnesota. Depending on whether plans and funding can stay on track, soil will be broken for the project in 2010 and construction completed by 2014.
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Park board
clips skating
at Brackett
Budgets for neighborhood parks barely skate by
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| Neighborhood kids Jesse and Brandon skate at Matthews Park. (Photo by Dennis Geisinger) |
“The Brackett Park ice rink has been closed,” confirmed Scott Vreeland, Minneapolis Park and Recreation Board District 3 Commissioner, in an interview with Southside Pride.
“The commissioners originally considered closing one rink in each of its districts to kind of spread the pain around,” Vreeland said. “
Somehow that got translated into closing two rinks in each manager’s district, and I only have the two rinks in my district—Brackett Park and Powderhorn.”
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Click here for a list of articles for January 2008
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