Burnsville Patch reports that the Savage City Council recently discussed the possibility for new office space development in downtown Savage. While the plan has not been finalized, based on their other continuously failing spaces downtown, residents should be concerned about any plans of the sort.
From the article:
The council will consider purchase of the Hanson Building in downtown, between Buffalo Tap and the Motor Mart Gas Station, which was most recently used as a small warehouse. The building has been vacant for a year. The city has been in negotiations with a local developer on a concept for an office building on the site. Though no formal agreement between the two parties yet exists, the city could buy and raze the building (which would cost $375,000 to $400,000), then resell the plot to the developer at a lower price.
Based on the city’s previous failed investment in the Savage Depot building and their recent consideration to alter the regulations for cooking inside in order to help boost success rates for businesses therein, one would think that the Savage City Council would hesitate before even considering spending up to $400k on a venture which could very well fail and will very likely do just that.
Right now the City Council only sees a vacant building that could be redeveloped. However, either way this building is making no tax revenue but razing it for $400k and having nothing rebuilt on the spot will lose money rather than remain at the status quo. Other similar ventures and buildings around the South Metro are vacant and have remained so for the better part of a decade. This should remain exactly where it is, in a worksession.
What do you think about this one? Considering the failure of the Savage Depot and other local vacant redeveloped office spaces around, do you believe Savage’s City Council has the business acumen to spend $400,000 and make it a worthwhile venture? Is this really the time to do this and hope that in the next decade to come that it will begin to make money? If you were a business owner would you make Savage your home and why? Whatever you have to say about this one go ahead and comment on as I’d love to hear what you have to say.