Can someone decode this release?

The MCDA was ready to foreclose on STA, who looked like they would beat the
MCDA to the punch by selling to a Chicago developer who would provide fewer
jobs. Who forced whose hand here? Did STA checkmate the MCDA and force the
agency to back down? Can anyone read tea leaves and say if the project is
going in the direction of fewer jobs, or whether STA can pull a rabbit out
of the hat and produce a project like the MCDA thought they were getting?

David Brauer
Kingfield - Ward 10

-----Original Message-----
From: [EMAIL PROTECTED]
[mailto:[EMAIL PROTECTED]]On Behalf Of Haugen, Elizabeth
Sent: Thursday, December 21, 2000 3:47 PM
To: Multiple recipients of list
Subject: MCDA and STA Associates news release


Sears foreclosure is on hold while MCDA and STA Associates discuss
redevelopment options.  Please click on the following link to read the joint
news release from MCDA and STA Associates.

http://www.mcda.org/Content/Org/Newsreleases/STA.htm

Elizabeth Haugen, Public Information
Minneapolis Community Development Agency
105 5th Ave. S., Suite 200
Minneapolis MN  55401-2534
mailto:[EMAIL PROTECTED]
(612) 673-5121


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