Sunday’s Star Tribune has a front page business section story about Artspace Projects, the Minneapolis-based developer that recently withdrew its proposal for the Historic Middle School complex in Northfield. People have started asking me, “if Artspace can do it on both coasts and many points in between, why couldn’t they do it in Northfield?”
The article in the Strib features a number of photographs of Artspace’s Washington Studios project in Duluth. I was the project manager at Artspace for that development and I thought that I might compare the financing for that project with the potential structuring for the Historic Middle School in Northfield as a basis for examining the feasibility of the potential project.
Continue reading Artspace and the Mystery of the Million Dollars