Glittering Signs of the Times.
The souring condo market isn't the only blow to strike the corner of Hennepin and Washington, where a few years ago, a Whole Foods and condo tower were planned to replace the Downtown Jaguar dealership on the block.
In February, the Minneapolis Planning Commission voted to delay approval of a scaled-down development proposed.
Since Jaguar moved to a location along I-394, its former building stayed vacant, though with three floors of indoor parking, the building might've produced some revenue for its owners. Instead, it produced revenue for someone else.
Copper thieves got inside, according to a dealership employee, and stripped it. The theft went unnoticed until the City of Minneapolis investigated a mysterious drop in water pressure downtown. Inspectors found a flooded basement level that likely will guarantee the building's subfloor boiler can't be put back into service.
From selling Jaguars and Ferraris to blighted block in one year. If you want a symbol of our economy, look no further.
Meanwhile, via The Deets, Johnny Northside continues his innovative campaign to reclaim housing in his neighborhood, which is plagued by the copper bandits.

Comments