Bury Those Power Lines

Photo from CNN Opinion

I read this CNN Opinion piece and it immediately struck a cord.  About ten years ago I moved from a neighborhood where the power went out regularly to one where the power almost never goes out. The difference?  The powerlines are buried in the new neighborhood. This seems like a no-brainer to me -We should bury those lines.  I understand that it will be expensive although the linked article suggests it may not be as expensive as anticipated.

I think I just expect that the power will stay on. I am certainly glad I am not one of the millions of Americans who will be celebrating the 4th of July in 100 degree heat with no power.  It is more important than ever that we have reliable electricity.  When utilities made the original cost-benefit analysis about burying the lines we were probably not as reliant on computers and phones as we are now. In fact, almost all of the ways we receive information in an emergency rely on electricity.

I also have to confess that I think those above ground power lines are ugly, especially when the utility has to butcher the nearby trees to make room for the power lines. Those trees still pose a threat to the electricity supply.  After every storm the media duly reports the number of homes without power – Why do we put up with this?

This just seems like good public policy. A consistent supply of electricity seems like a reasonable expectation.

Vikings Stadium Passes the Legislature at Last

 

Proposed Vikings Stadium via MinnPost

The Vikings stadium bill passed the legislature this week – after an embarassing flurry of backroom bargaining and killer amendments. It wasn’t pretty – but it did pass.  If the Minneapolis City Council approves it in the next thirty days, it is a done deal.  To the legislatures’ credit they did wring an extra $50 Million out of the Vikings at the last minute. As a fan and someone connected to the downtown business community I think this is good for Minnesota and for Minneapolis. But I don’t think it will be an economic boon.  I  think the Vikings are important in intangible ways.  Professional sports are an important part of our culture and sports teams bring communities together. As a small market, I think we need to worry about the vibrancy of our downtowns – losing the the Vikings to LA wouldn’t have helped. I hope we got a good deal.

Cold Spring Brewery adds $12 Million in Equipment

Cold Spring Brewery's New Equipment from MSNBC

Maybe the news has always been filled with brewery news and I never noticed but I don’t think so.  I saw yet another brewery expansion news report today.  Maybe there is just more interest in beer than say medical devices so brewery news gets reported in the popular press. The latest article was about the Cold Spring Brewing  Co.  I saw this on MSNBC.com but it looks like it came from the St. Cloud Times via KARE 11 (So apparently lots of news outlets think people want to read about this).  The photo above only appeared on the MSNBC version of the story and had no photo credit that I could see. So your guess is as good as mine who took the photo.

Fulton Tap Room Opens – Beats Surly to the Punch

Fulton logo from http://captainsbeerblog.com

Since I posted about Surly Brewing’s search for a site to build their new brewery/tap room. I should follow up and report that Fulton beat them to the punch and opened a tap room this week.  Craft beer is becoming big business in the Twin Cities – expect more tap rooms soon.

Foreclosure Notices Drop

 

Finance & Commerce Logo from F&C Public Notice Home

David Brauer at MinnPost is reporting that Dolan Co.’s public-notice revenue has dropped 27.6 percent in 2011.  That seems like a very unexpected drop to me but I do think things have picked up noticeably in Minnesota real estate over the last year. For those of you who don’t have to work with public-notices, Dolan Co.’s owns Finance & Commerce and the Saint Paul Legal Ledger.  Those publications are where lawyers publish a public-notice of a legal proceeding that potentially affects the title to real property in Hennepin or Ramsey County (Basically Minneapolis/Saint Paul and close-in suburbs).  The best example of this type of notice is a notice of foreclosure sale. I’m in the mood for good news so lets hope this is a signal of better times – Unless you are in the foreclosure business  . . .

New Vikings Stadium Headed for Minneapolis?

In the never ending saga of political wrangling over the new Minnesota Vikings stadium, Minneapolis has taken center stage. MinnPost (and everyone else) is reporting the new proposal and it looks like there is more political support than ever before.  The real question seems to be whether or not the Minneapolis City Council can find enough votes to fund its portion.  The stadium looks great and the MinnPost Article included the following images courtesy of the Minnesota Vikings.

Vikings Stadium Interior

Vikings Stadium Interior from Minnesota Vikings via MinnPost

Vikings Stadium Plan

Vikings Stadium Plan from Minnesota Vikings via MinnPost

 

 

222 Hennepin – Ryan Breaks Ground

222 Hennepin from Ryan Cos US – from MSP Business Journal Article

 

 

 

 

 

 

 

 

 

 

 

 

 

 

I have blogged about this site before because it has been a high profile empty spot in downtown Minneapolis.  The Minneapolis/ St. Paul Business Journal is reporting the project has finally broken ground. It will have a Whole Foods Market and 286 luxury apartments. I thought it was with the update since there have been so many false starts on this site.

 

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In Praise of our Skyways

Skyway - Image from the StarTribune Article

I have always been mystified that professional planners seem to dislike the skyways so much.  I suspect those people haven’t spent the time necessary to learn the many virtues of the skyway system.  I have always been a fan of the Minneapolis skyway system so I was pleased to see this defense of the skyways in the StarTribune.  I have walked the system from one end to the other many times – and not for the exercise although some people do. I have had three different legal jobs in downtown buildings connected to the system and I have spent countless hours walking with clients to closings, meeting friends, networking  in the coffee shops and yes, shopping too. Dozens of real estate lawyers, lenders, brokers, developers, and title companies are in the skyway system.  In addition, all of the City and County offices and the courts are connected to the skyway system. Real estate is not unique in this respect but it is the industry I know best. Three weeks ago I picked up my affidavits of service at Metrolegal, attended my hearing at the Examiner of Titles, went to the Court to get the order signed by a judge, filed the order with the Court, got a certified copy and filed it in the real estate records and had coffee with a client – all  without putting on my coat or getting in my car.  I hope the City of Minneapolis recognizes the value of the system and isn’t swayed by experts who don’t take the time to get to know this city.

Surly Brewing Hires Tegra Group

Following the passage of the “Surly Bill” by the Minnesota state legislature, the Brooklyn Center based Surly Brewing Co has hired the Tegra Group to help it select a location for a $20 Million brewery.  The Surly Bill allows breweries to sell their own beer on site.  Tegra will not only help with the location it will also help with the financing , selection of the architect, engineering firm and contractor.

Surly Furious Image from the MSP Business Journal

500 Room Radisson Blu at Mall of America

Mortenson and Carlson, two of the biggest names in Minnesota real estate, announced their 500 room Radisson Blu Hotel at the Mall of America and held a groundbreaking May 26th.  The hotel will be built on the south side of the Mall of America between Macy’s and Bloomingdale’s departments stores.  it will be connected to the mall by a skyway.  Other public information about the project and its financing was made available by Mortenson.  The design is by ESG Architects of Minneapolis.  The $137.5 million financing package was assembled and placed by Dougherty & Company.  The interior design was split by two firms: The public areas were done by Gettys and the rooms by LLdP.

Artist's Rendering of Radisson Blu at Mall of America

Artist's Rending of Radisson Blu at Mall of America

PR Newswire Groundbreaking Photo

Groundbreaking Photo from PR Newswire

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