Monday, January 22, 2007

Major League Baseball poised to rob Minnesota

Let me get this straight. The owners of the Minnesota Twins are going to build their stadium, a cute little 40,000 seater, in downtown Minneapolis on land they have chosen. The stadium itself will open by 2010. The only sticking point is that the owners of the land where the new stadium will sit and the Minnesota Twins ownership are tens of millions of dollars apart when it comes to the sale price.

Rather than negotiate, the Twins will do what millionaire companies do all the time, they'll take the whole damn thing to court and try to get the land condemned. Of course the near-billionaire Pohlad family, owners of the Minnesota Twins, have been so generous to put forward a whopping $130 million of over $500 million cost of their new playground.

So, flush with money, the Pohlads will grab the land they so desire at robber's rates rather than pay fair market value for a large city block that they stand to make many millions of dollars from. It seems par for the course as the public continues to finance the business ventures of millionaire-headed private organizations. Carl Pohlad, again, living up to his evil status even as he looks death in the face in his mid-nineties.

No comments: