[speedgibson] Speed Gibson: Richfield a little poorer today

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Posted by Speed Gibson:
Richfield a little poorer today
http://speedgibson.powerblogs.com/posts/1229443929.shtml


   What a coup Richfield scored in luring Best Buy to relocate there.
   Property taxes dropped significantly for the community, right? Wrong,
   I bet, especially after having to pay a hefty litigation bill fighting
   the displaced Walser interests. It could have been much worse, winning
   the final battle by just 1 vote in the Minnesota Supreme Court.
   Soon after the move, you may remember, Best Buy outsourcing its
   Information Technology department, over 700 jobs. Now, [1]Best Buy is
   downsizing again, offering buyouts to practically everyone in that now
   seemingly overbuilt complex.
   Let's all take a lesson from this. If Best Buy can't make a deal like
   this work, nobody can. No city should offer tax breaks and abuse
   Eminent Domain like Richfield so clearly did here just to get "better"
   taxpayers.

References

   1. http://www.startribune.com/local/36224659.html