Star Tribune Fri, 30 Nov 2007 09:59:10 -0500
Burnsville office complex, not hotel, close to OK
Burnsville is ready to fill in the last gap in the citys heralded Heart of the City development, but it wont be with the full-service hotel that officials long have hoped for. City Council members are prepared to vote Monday to sell five acres in the city's downtown to Anderson Builders of St. Louis Park, whose bid to build the Travelers Park Corporate Center -- an office complex with a hotel and parking -- they approved two months ago. Since then, though, Anderson has done its homework and concluded that financing was too iffy right now to proceed with its plans for a hotel, company Vice President Dave Anderson said Thursday. One hotel group did make a proposal, he said, but it sought free land and tax-increment financing (TIF) and declined to share in the cost of the parking decks.
[[keywords: LandUse;Metro;]]
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