Will St. Paul forgo forgivable loans? - Finance & Commerce

Will St. Paul forgo forgivable loans? Deal to keep Macy?s store revisited?

Posted: 7:30 am Thu, January 10, 2013
By Chris?Newmarker Finance and Commerce
Tags: Bernie Hesse, Chris Coleman, forgivable loan, Kristin Guild, Lawson Commons, Macy's, Phil Krinkie, R.T. Rybak, Target Corp., tax increment bonds, Taxpayers League of Minnesota, TIF
7:30 am Thu, January 10, 2013

Macy?s is getting to pocket $6.3 million of St. Paul?s money as it closes shop in the city?s downtown. But even though he voted as a councilman in 2001 to give the so-called ?forgivable loan,? Mayor Chris Coleman says that such a deal would be unlikely today.

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This entry was posted on Thursday, January 10th, 2013 at 7:30 am and is filed under Economic Development, Real Estate, Top Story. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

Source: http://finance-commerce.com/2013/01/will-st-paul-forgo-forgivable-loans-deal-to-keep-macys-store-revisited/

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