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Continued: Tevlin: Continued subsidies for Global Market up for debate

  • Article by: JON TEVLIN , Star Tribune
  • Last update: December 3, 2013 - 7:40 PM

Temali called the market “a unique and powerful combination of private, public and nonprofit cooperation, and we bring huge community benefits.”

I agree. Nobody wants to see the market fail. But Goodman and council members are right to question whether the city is picking favorites, and they need to ask when enough is enough. Though some indoor markets across the country get public subsides, others such as Pike Place Market in Seattle are sustainable from rent.

Temali has an answer: He thinks they will break even in three more years with more tenants (occupancy is now more than 80 percent), slowly increasing rents and a focus on more fresh foods.

We should hold Temali to his prediction, and hope the market finds the right combination of tenants to thrive.

In case we ever have a hankering for a camel burger.

 

jtevlin@startribune.com • 612-673-1702 Twitter: @jontevlin

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