consultants are sandburs

Tuesday, June 23, 2015

2700 University Ave. on Minnesota's Green Line. Apartments. "The developer of 2700 University received a multimillion financing package that included tax increment financing and tax-exempt bonds. In a statement, Andriana Abariotes, executive director of the Twin Cities Local Initiatives Support Corporation (LISC) program, said that such mixed-income, mixed-use, transit-oriented development projects present significant financing challenges. 'The 2700 University partnership has demonstrated a new, replicable approach that leverages public investment and traditional multifamily financing,' she said." Guess who? Hint: reread about financing. Second hint, two words: Ryan Cronk

That's right. This Strib online link. The lead image was a bit misdirecting. A rendering, with clean lines, not tarted up with external bric-brac. But the financing, on the rail line; a combination that gives it away.

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