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Keyword: wastingourtasdollars

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  • Riots Destroy $30M Affordable Housing Project: The Midtown Corner project had been slated to open in spring 2021.

    05/29/2020 4:51:49 AM PDT · by C19fan · 67 replies
    Twin Cities Business ^ | May 28, 2020 | Burl Gilyard
    St. Paul-based developer Wellington Management Inc. woke up on Thursday morning to find its under-construction, 190-unit apartment project in its Minnehaha Commons redevelopment near the intersection of Lake Street and Minnehaha Avenue in south Minneapolis had been torched and burned to the ground. The six-story, 190-unit affordable housing project had been slated to open in the spring of 2021. A city of Minneapolis worksheet on the project listed the total development cost at approximately $37 million, including contingency and reserve funds; land and construction costs were about $30 million. The apartment project has been known as Midtown Corner.