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Continued: Star Tribune completes land sale to Ryan, stadium authority

  • Article by: JANET MOORE , Star Tribune
  • Last update: February 12, 2014 - 9:06 AM

The proposed park, which will edge the light-rail line on S. 5th Street, drew a legal challenge from three veteran activists in Minneapolis, who questioned the city bond sale. Last month, the challengers — Stephanie Woodruff, Paul Ostrow and Dan Cohen — dropped their lawsuit after a Hennepin County judge ruled that they must post a $10 million surety bond.

In January, a challenge over the public financing of the Vikings stadium lodged by three Minneapolis residents ended up before the Minnesota Supreme Court, which dismissed the complaint. However, the state was forced to delay its $468 million bond sale to fund the stadium at a critical time for the project.

In early December, a brouhaha erupted over proposed rooftop signs on the office towers bearing the Wells Fargo logo — which would be visible during aerial shots of football games on national TV. The Vikings argued that the signs could impede efforts to sell naming rights for the stadium but ultimately withdrew their opposition.

In November, the city’s Heritage Preservation Commission — an advisory board — voted to deny Ryan’s request for a permit to demolish the Star Tribune headquarters. Ryan appealed to the City Council’s Zoning and Planning Committee, which overruled the earlier decision.

Under the terms of the sale, the Star Tribune will lease back its current office space from Ryan for 18 months while the company completes its move to a new location. Employees at the company’s Heritage Center in the North Loop won’t be affected by the move.

 

Janet Moore • 612-673-7752

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  • The Star Tribune has sold the five blocks it owned next to the planned Vikings stadium. Ryan Cos. will use it to develop office, residential and retail space.

  • The Star Tribune will lease back its space from Ryan Co. for about 18 months as it prepares to move. The site will be part of a park that ultimately will be owned by the city.

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