Walser Buick filed a lawsuit this weekagainst the city of Richfield and the RichfieldHousing and Redevelopment Authority alleging that cityofficials violated Minnesota's tax increment financingstatute when they designated as blighted Walser's siteand other sites nearby. Meanwhile, city officials saythey are ready to commence condemnation proceedingsagainst Walser if the car dealership doesn't agree tosell its seven-acre site.

Opus Northwest is developing Best Buy's headquarters site, which is located near Interstate 494 andPenn Avenue

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.