Business Forum: Could a Detroit-style fall happen in the Twin Cities?

  • Article by: FRED ZIMMERMAN
  • Updated: July 29, 2013 - 3:23 PM

A failure to implement solutions to widely known challenges is the hallmark of civic folly.

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kinnickJul. 28, 13 2:20 PM

Yes,a perfect example is building a stadium for a billionaire and having a Governor and Mayor without a clue how to pay for it,when this money could have been used for job training for minorities and repairing roads. Interesting that Detroit was also run by left wing liberals {Democrats.}

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dflleftJul. 28, 13 2:26 PM

THA PROBLEM is that the hard core DFL left liberals don't care that the Ford plant closed, or that the MPLS public schools has a 43% graduation rate, or that the state agengy that hands out welfare checks can't pass an audit. Did I mention Minnesota now ranks 50th [dead last] in new business start ups?

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pmarc078Jul. 28, 13 4:13 PM

yep.. totally agree. i'll bet the hucksters that forced detroit to pony up more than a billion for a new baseball stadium AND new football stadium touted all the "economic benefits" that would be forthcoming....

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lordhawhaw1Jul. 28, 13 4:18 PM

Who would risk a start up a business in this high tax, high regulation, union run, nanny state? But hey if you do start a business you can have that warm feeling in your tummy that the Governor is going to take one of the biggest bites out of the fruits of your labors in the nation and turn round and hand it over to his unproductive yet voting constituents-all the while telling people you aren't doing your "Fair Share". At least when you move your business to another State they have to call you "Greedy" to your backside.

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kinghiberniaJul. 28, 13 5:06 PM

Mpls is only 03-07 years away from becoming Detroit!!! With the never ending far left liberal policies that provide everything for those individuals that will not work, with the annual double digit increases in the minority populations, and the unlimited number of social refugees from Asia and Africa coming to Mpls will continue to force the hardworking, lawbiding, tax paying middle-class to move out of the city thus, reducing or eliminating the tax base of the city, hence Detroit. I believe it is to late to save Mpls. St. Paul still has a chance to survive, maybe......

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webfootJul. 28, 13 5:08 PM

You really want to know what is one of the major reasons for the downfall of this country? Our TRADE POLICY. Educate yourselves about it and look at the effects. We can't continue to keep shipping our good paying jobs overseas and trying to reinvent ourselves. There is no major manufacturing left in this country, the auto industry is pretty much gone, the steel industry is gone....etc., etc., etc. BOTH parties are responsible for that and we're so far deep into that mess, they don't know how to get us out of it.

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localguyJul. 28, 13 5:10 PM

Lest we forget, the Twins and Vikings stadiums had support from both Democrats and Republicans. Two of the rare cases of bipartisan action. And they were mistakes.

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kenw1952wJul. 28, 13 5:10 PM

One of highest tax states in the union for both personal and corporate, mega-liberal governor and legislature, declining education levels but the tree huggers and guilt-ridden liberals want to keep spending and spending........if it can happen in Detroit it certainly can happen here.

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webfootJul. 28, 13 5:11 PM

@kinnick: It's too bad the Republicans aren't interested in job training or jobs PERIOD. They're not interested in repairing our roads either - that actually pays a decent wage for middle class Americans. They're simply not interested as we've all witnessed the past 5+ years. Instead of deny, deny, deny what your party stands for, you really need to get head out of the sand. Nobody's buying it anymore.

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dtmonkeyboyJul. 28, 13 5:38 PM

Minnesota is far more likely to have financial problems than the city of Minneapolis. While the budget on MPLS has not grown when adjusted for inflation since 1999, the state has ballooned. In fact, Minneapolis has paid down debt, decreased the number of employees and done things to streamline costs. At the same time it is seeing the largest influx of private development in its history. ...and it should be noted that while the state struggles to fund its share of the stadium, the city has a hospitality tax which covers its share.

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