Edina backs away from condemning dry-cleaner building at 50th and France

  • Article by: Mary Jane Smetanka , Star Tribune
  • Updated: January 9, 2014 - 3:58 PM

Another party wants to buy the property at 50th and France for more than the city is willing to pay.

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matermeaJan. 8, 14 7:16 PM

If someone is willing to pay more than the City of Edina, then they did not offer "fair market" by definition. I think they offered the taxable value of the property. Councilperson Josh Sprague is a realtor and knows better. The market value is higher than the taxable value. They were trying to lowball this immigrant family. Shame on them.

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mnpls123Jan. 8, 14 8:01 PM

Sounds like this new buyer is hoping they can flip it the city for a quick profit. Now that the city has backed away, I bet the offer price drops.

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mnpls123Jan. 8, 14 8:34 PM

Thanks Edina for building more parking as the east side of France is in a Minneapolis!

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mattaudioJan. 8, 14 9:03 PM

Great news. The last thing cities need to be in is the business of subsidizing car habits by providing below-market-rate car storage, especially when they're taking taxpaying property off the market to do it.

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intheknow1Jan. 8, 1410:06 PM

Shame on the City for having tried to do this!

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intheknow1Jan. 8, 1410:19 PM

Josh Sprague was so smug along with the city manager in not listening to the supporters and very typical of their total attitude that they know more than the voters and dictating what Edina does not want.

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rlwr51Jan. 8, 1410:32 PM

Can't wait to find out who the buyer is and what connections they have.

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honeybooJan. 8, 1411:24 PM

This is eminent domain run amok. The City of Edina doesn't have the guts to take on a WASP property owner. This family shouldn't need a competing offer from anyone. They own the damn property and should keep it as long as they want.

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residents1stJan. 9, 14 9:06 AM

Mary Jane, your reporting on this story is anemic at best. Here are some missing facts: 1. The City's property valuation missed that the property acquisition arm of Lunds-Byerly's had purchased the neighboring post office building. 2. USBank and Lund's are in advanced talks over buying the USBank property including its expansive parking lot for a new 50th&France Lunds. 3. Edina Liquors is municipally owned and for over 30 years has had a store feet away from the existing 50th & France Lund's. 4. The two other Edina Liquors are also right next to grocery's (Cub and Jerry's). 5. Edina has the most profitable liquor operation-- by far, out of over 200 other municipal operations in MN. 6. Once the City learned about Lund's buying the postal building, only then did it queue up the eminent domain approach- to guarantee it could keep a liquor operation next to a potential new Lund's. In fact, in Edina's resolution they even reference possible use as a liquor store. 7. All of this available through public sources. 8. The Star Tribune was given this information, not sure how it could not be germane to the story.

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kjazz2013Jan. 9, 14 9:43 AM

From what has been reported, it has never been a question of whether the owners would sell the property, only what they would sell it for. Edina offered fair market value based on independent appraisals--not taxable value as errantly asserted above. Time will tell whether the higher offer is real or just a ploy to raise the cost of the property. The accusations of racism are simply ridiculous.

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