Businesses fleeing Minneapolis (Shoreview, Dayton: 2015, home, construction)

[Cruz Azul Guy]

Originally Posted by Teak

It is posts like this one of yours that promotes the bickering.

Why don't you discuss the topic of the thread?

Do you disagree that businesses are fleeing Minneapolis?

When a business owner states that the business is leaving due to the looting and rioting, do you consider that the owner is lying?

Please contribute rather than flame. Thank you.

Businesses are closing left and right due to COVID and the massive economic devastation it caused. This is not unique to the Twin Cities. It is happening everywhere in the US and basically every country on the planet. Every bar and restaurant that has closed that has cited civil unrest was on their way out due to the pandemic, shutdown and restrictions. The fact of the matter is that during normal times if they were profitable businesses to operate they would probably complain about it but they likely wouldn’t close up shop or leave. So no, I don’t think that it is the underlying issue here. Most of the examples you provided aren’t even accurate. Haskell’s isn’t fleeing downtown, Target on Lake Street has plans to re-open, etc.
[Mod cut: personal]

[Glenfield]

Originally Posted by Cruz Azul Guy

Businesses are closing left and right due to COVID and the massive economic devastation it caused. This is not unique to the Twin Cities. It is happening everywhere in the US and basically every country on the planet. Every bar and restaurant that has closed that has cited civil unrest was on their way out due to the pandemic, shutdown and restrictions. The fact of the matter is that during normal times if they were profitable businesses to operate they would probably complain about it but they likely wouldn’t close up shop or leave. So no, I don’t think that it is the underlying issue here. Most of the examples you provided aren’t even accurate. Haskell’s isn’t fleeing downtown, Target on Lake Street has plans to re-open, etc. Maybe consider getting your facts straight before posting.

At Haskell’s liquor store Wednesday night, employees had to hide in the beer cooler as looters smashed the windows. (Haskell’s President Ted) Farrell says closing up the downtown store for good is the likely outcome following the looting.

https://www.fox9.com/news/downtown-m...t-after-unrest

[Cruz Azul Guy]

Originally Posted by Glenfield

https://www.fox9.com/news/downtown-m...t-after-unrest

Likely outcome? I’m going to wait and see on that one. I still firmly believe that the primary driver causing businesses to close in the downtown area is the fact that 85% of the people who were previously working there are now working remotely, due to COVID.

[Glenfield]

Originally Posted by Cruz Azul Guy

Businesses are closing left and right due to COVID and the massive economic devastation it caused. This is not unique to the Twin Cities. It is happening everywhere in the US and basically every country on the planet. Every bar and restaurant that has closed that has cited civil unrest was on their way out due to the pandemic, shutdown and restrictions. The fact of the matter is that during normal times if they were profitable businesses to operate they would probably complain about it but they likely wouldn’t close up shop or leave. So no, I don’t think that it is the underlying issue here. Most of the examples you provided aren’t even accurate. Haskell’s isn’t fleeing downtown, Target on Lake Street has plans to re-open, etc. Maybe consider getting your facts straight before posting.

Originally Posted by Cruz Azul Guy

Likely outcome? I’m going to wait and see on that one. I still firmly believe that the primary driver causing businesses to close in the downtown area is the fact that 85% of the people who were previously working there are now working remotely, due to COVID.

I think you’re beef is with Ted Farrell not me.

[Teak]

Originally Posted by Cruz Azul Guy

Likely outcome? I’m going to wait and see on that one. I still firmly believe that the primary driver causing businesses to close in the downtown area is the fact that 85% of the people who were previously working there are now working remotely, due to COVID.

I don't think anyone is disputing this, Cruz Azul. In fact, there is a thread about businesses closing due to the Covid-induced shutdowns ordered by the governor. This thread is about the businesses closing due to the looting and rioting, and general increase in crime.

I wonder how many of the 12 city council members have a business background; i.e., have run their own business. I suspect that Ellison doesn't since he is the son of a politician. But what about the others?

Don't the city council members understand that businesses pay taxes for basic services, like law and order, along with sewage treatment and water supply? Can you imagine the pain that the looting and rioting caused business owners -many minorities- and their anger at the city for telling the police and fire department to stand down?

I wonder if we will see some lawsuits come out of this summer's failure of the city to provide those basic services.

Oh, and by the way, make sure you pay your property taxes on time. I still have to pay my Ramsey County taxes for October.

[Cruz Azul Guy]

Originally Posted by Teak

I don't think anyone is disputing this, Cruz Azul. In fact, there is a thread about businesses closing due to the Covid-induced shutdowns ordered by the governor. This thread is about the businesses closing due to the looting and rioting, and general increase in crime.

I wonder how many of the 12 city council members have a business background; i.e., have run their own business. I suspect that Ellison doesn't since he is the son of a politician. But what about the others?

Don't the city council members understand that businesses pay taxes for basic services, like law and order, along with sewage treatment and water supply? Can you imagine the pain that the looting and rioting caused business owners -many minorities- and their anger at the city for telling the police and fire department to stand down?

I wonder if we will see some lawsuits come out of this summer's failure of the city to provide those basic services.

Oh, and by the way, make sure you pay your property taxes on time. I still have to pay my Ramsey County taxes for October.

Thanks for the free tax advice.

[MplsTodd]

While I think everyone would agree that 2020 has been one of the most challenging and awful years for Minneapolis (along with many, many other cities), there certainly have been positive news too:

Two businesses relocating to or expanding in downtown Minneapolis:

https://tcbmag.com/deluxe-corp-movin...lis/?mode=grid

https://www.cpexecutive.com/post/pri...eapolis-lease/

[wamer27]

Originally Posted by MplsTodd

While I think everyone would agree that 2020 has been one of the most challenging and awful years for Minneapolis (along with many, many other cities), there certainly have been positive news too:

Two businesses relocating to or expanding in downtown Minneapolis:

https://tcbmag.com/deluxe-corp-movin...lis/?mode=grid

https://www.cpexecutive.com/post/pri...eapolis-lease/

Where else could they find 94,000 sq ft of office space? These deals are also over a year in the making. Backing out probably would be a financial disaster and no other spot has that amount of space maybe? Hopefully it works out well.

[Glenfield]

Originally Posted by wamer27

Where else could they find 94,000 sq ft of office space? These deals are also over a year in the making. Backing out probably would be a financial disaster and no other spot has that amount of space maybe? Hopefully it works out well.

The Principal group is already downtown working for Wells Fargo. That said, there was talk that Principal might move them to Des Moines so I’m glad they are staying local. I think you’re right that these deals don’t reflect current thoughts as they both pre-date Covid and the crime surge. It takes time to see the effect of this stuff in real estate markets, especially commercial.

[jmgg]

Originally Posted by wamer27

Where else could they find 94,000 sq ft of office space? These deals are also over a year in the making. Backing out probably would be a financial disaster and no other spot has that amount of space maybe? Hopefully it works out well.

For Deluxe this is kind of a lateral move. It would be interesting to know to what extent this move was orchestrated before the riots, lawlessness, and Covid hit the downtown area of Minneapolis. Also, to what extent halting the move would have had negative consequences.

I actually work with this company and I can attest that most all of their office/sales support people are working remotely and there have been minor glitches because of this. I'm guessing it will stay that way for a pretty long time and they'll eventually get these glitches ironed out.