DULUTH -- Mayor Roger Reinert is among the many wondering what Kathy Cargill plans to do with the collection of properties her limited liability company acquired on Park Point in recent months.
Reinert sent Cargill a letter a month ago asking her to meet, he said Monday in an email to Duluth city councilors. He did not receive a response, he wrote, asking councilors to sign off on a new letter he plans to send following news of more purchases.
His letter makes clear he respects her right to buy the properties through the private market, but said many who live on Park Point and beyond have questions about the intent of the purchases, particularly where homes have been torn down.
“You may also be aware that we have an acute housing crunch currently within the city of Duluth,” Reinert wrote in the letter, and it limits the city’s ability to grow employment, businesses and its tax base. “Any loss of residential housing is not helpful.”
Reinert, who took office in January, is a former Park Point resident. He called it a special neighborhood, and requested Cargill or a representative share her vision in meetings with the point’s community club and with him and other staff.
On Tuesday, he assured residents on social media that the point’s vast parkland will remain public, along with the beach and its street access points.
“I want to be very clear on this point,” he wrote. He also noted that homeowners can choose not to sell.
Cargill’s North Shore LS LLC, has acquired a dozen single-family homes, some in multi-parcel sales, on Park Point in the last 14 months. More than 20 parcels now belong to the LLC. Many of the properties were sold at twice their estimated value or more. The LLC bought about half of the single-family houses sold on Park Point last year, with the median price of all sold homes about $477,000.