A new dispute on ballpark land figures

  • Article by: Mike Kaszuba , Star Tribune
  • Updated: August 21, 2007 - 1:59 AM

A court panel looking at the land's value settled on $23.8 million. But a dissenting report filed later said its worth is $33.2 million. A panel set a $23.8 million figure in a report issued Monday. But one of its three members later put the figure at $33.2 million.

  • share

    email

The push to build a new ballpark for the Minnesota Twins appeared to clear a major hurdle Monday when a court panel said the 8-acre site is worth $23.8 million, a figure that is relatively close to what Hennepin County and the team had offered.

But, as with most things regarding the emotionally charged land sale, nothing was simple.

Three hours after the ruling was made public, one of the three condemnation commissioners -- the only real estate appraiser on the panel -- filed a surprise dissenting report stating that he felt the land was instead worth $33.2 million.

"It's a highly unusual and bizarre development," said Hennepin County Commissioner Mike Opat, the lead stadium negotiator for the County Board.

At a midday news conference, before the dissenting report was made public, Opat had said that while the $23.8 million award meant that the stadium "might not be as great and grand" because more public money would have to be spent on land acquisition, the project would go forward and be finished by 2010.

Although the dissenting report filed by Larry Tucker, a real estate appraiser for 32 years, has no official bearing on the panel's award, it could push the owners of the stadium site toward an appeal and lengthen what has already been a nine-month public feud over the value of the land where the 40,000-seat stadium will be built.

At the start of a nearly monthlong condemnation hearing in June, a lawyer for the landowners had said the parcel was worth $65.38 million. County officials had formally offered $13.35 million for the downtown Minneapolis parcel, and a real estate appraiser hired by the county said that the property's worth is $17.23 million.

The landowners, represented by Land Partners II, a limited liability partnership, and Hines Interests, a Texas developer, said Monday they had not decided whether to appeal the award and by and large withheld public comment.

"It was $10 million more than what they offered," Rich Pogin, a Land Partners II official, said of the $23.8 million award.

As he has in the past, Pogin blamed county officials for not doing enough to negotiate a sale price before the condemnation officially began in November. "It just seems like a remarkable and just unbelievable waste of money," he said. "There could have been a deal made before all these costs were incurred."

'Not in agreement'

Tucker did not sign the condemnation commissioners' official report and told reporters Monday that "I'm not in agreement with the number." He also predicted that the $23.8 million award would "absolutely" be appealed and likely lead to a court trial in November.

"It's a majority-rule thing. If two people sign, that becomes the number," he said of the panel's report. Though Tucker was initially put forward by the landowners to be included on the panel, a spokesman for the landowners said the county agreed to his selection.

Richard Black, a second commissioner, signed the report with Robert Schumacher, a retired Hennepin County judge who was chairman of the panel. Black, a real estate development specialist, said he initially felt the three commissioners would agree on a dollar amount.

"The commissioners had a range; obviously one commissioner didn't go for it," he said. "We deliberated a lot. I would say, for a while, [the difference among us] wasn't apparent.

"We felt things would be worked out, that we'd agree on some number," he added. But Black also said the case was complex and pointed to the wide range of land values given by expert witnesses in the case. "You had ... experts," he said. "Look at their ranges."

Black also said he did not feel the $23.8 million would necessarily be appealed. "We [felt] like we would reach a number that's fair, reasonable and agreeable to all parties," he said.

Schumacher said Tucker's dissenting report was not necessarily an unusual move in a condemnation case. "I respect his opinion," Schumacher said. "We worked very hard. We spent four days going over the evidence ... It's just the way it came out."

  • related content

  • BALLPARK WORTH $23.8 MILLION

    Last update: Monday August 20, 2007 - 7:55 PM

    A condemnation panel said Monday that the stadium site was worth $23.8 million. The ruling, which may still be appealed, was much closer to the estimated $17 million offered for the downtown Minneapolis property by Hennepin County.

  • share

    email

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

question of the day

Poll: How much do you tip at sit-down restaurants?

Weekly Question

Offers & Events

HAIRSPRAY for only $49!!

HAIRSPRAY for only $49!!

Dinner/Show ticket for only $49 on Tues-Thurs Eve, Sunday Eve. in February

Click to buy tickets now!


Minnesota Rotary District 5950

Minnesota Rotary District 5950

Attend a 60 Min Rotary Meeting; Learn how joining Rotary makes a difference

Learn more about Rotary!


Ebel's Houseboat Vacations

Ebel's Houseboat Vacations

Escape to the Wilderness without leaving anything behind!

www.ebels.com


ADVERTISEMENT

 
Close