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The Industrial Market: Lay Up? ... or Go For The Green?
Held at the West End Showplace ICON Theatre, with a more convenient 3:00 pm start-time and a 4:30 pm reception catered by CRAVE, get registered the June 21 program as Duke’s Scott Moe, Tegra’s Tom Hauschild, Cassidy Turley’s Mark Sims, Paramount’s Phil Simonet and Dan Lofgren and Todd Hanson with Cushman & Wakefield | NorthMarq give you the yardage in the industrial sector and their perspectives on whether you should go for the green!
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2012 NAIOP Minnesota Golf Tournament
FOURSOMES NOW AVAILABLE!
Reserve your foursome early to secure a spot in our annual golf event on Thursday, July 26 at the Wilds in Prior Lake.
Foursomes will be available on a first-paid, first-reserved basis to NAIOP members only. Payment must be received by NAIOP office before foursome is considered sold. All golfers must be NAIOP members.
Download foursome registration form or pay online.
Interested in being a sponsor at this premier NAIOP Minnesota event?
Contact golf co-chairs Dana Wagner (763-489-3100 | dana.wagner@liesch.com) or Rob Youngquist at (952-465-3316 | robert.youngquist@cushwakenm.com).
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Breakfast Cereal and Toiletries Drive
The NAIOP Community Enhancement Committee is partnering with Catalyst Community Partners for a drive to
benefit Minnesota Internship Center Charter High School (MNIC). MNIC partners with communities and learners
to help its students achieve academic, career, and life success by building real world skills. It targets
students ages 16–20, who have not fared well in traditional high schools and alternative settings, some of
whom are homeless or have young children. Immediate needs: Healthy cereal and breakfast bars, toothbrushes, toothpaste, deodorant − men’s and women’s, feminine supplies, diapers − size 2 and larger.
Post this flyer at your office to start a collection drive.
Drop off items no later than May 31 at:
RJM Construction, 7003 West Lake Street #400, St. Louis Park, MN 55426
Questions?
Contact Julie Yeazle (952.893.8266 | julie.yeazle@rjmconstruction.com) or
Sonja Dusil (612.305.2144 | sonja.dusil@cushwakenm.com)
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From the Capitol (as of Thursday morning, April 26)
With the intent of adjourning three weeks early on Monday or Tuesday at the latest of next week, all negotiations are focused on the Omnibus Tax bill, the Vikings Stadium and the bonding bill.
Omnibus Tax Bill
The conference committee appointed to work out the differences between the Senate and House tax bill hasn’t met for three weeks. In the meantime, behind the scenes negotiating on the tax bill continues between legislative leadership and the governor.
- Both the Senate and House tax bills contain the phase out of the state general property tax.
- NAIOP’s expenditure type reporting provision is in the Senate tax bill, but not the House tax bill.
Expenditure type reporting legislation
We’re being out gunned at the Capitol on this one. Simply put, cities and counties do not want this legislation passed. They strongly resist taxpayers having easy access to the expenditure type information called for in the bill. They have significantly stepped up their lobbying efforts over the last few weeks, bolstered by the efforts of AFSME lobbyists.
- In the House, the bill remains in the Ways and Means committee.
- In the Senate, again, the bill’s language is in the tax bill with hopes that the House accepts the language as part of the final omnibus tax conference report.
Eric Anderson, Vice President of Development & Facilities at New Perspective Senior Living and chair of NAIOP’s public policy committee, writing to Senator Julianne Ortman, chair of the Senate Tax Committee on the Expenditure type reporting provision:
“The result of this bill will allow taxpayers to better understand not just the costs of ‘programs’ that local government provides, but also how they spend the money to pay for the programs (salaries, services, equipment, etc.) ... The opposition to this appears to be more about not wanting the public to ask questions about how governments operate."
Read Eric's letter.
| MNDOT’s New Corridor Investment Management Strategy (CIMS)
In the event you have an interest in MNDOT’s CIMS, which will be rolled out this spring, the following links provide necessary information:
- Invitation from MNDOT Commissioner Sorel
- Clarifying information from Mr. Schaffner, the project manager of CIMS
- CIMS meeting schedule (the first one is in the NE metro area on May 8)
- CIMS meeting strategy description
Duluth, St. Louis County retirees see six-figure pensions
A Chicago-based watchdog group shows that 17 retired city or county workers receive pensions of more than $100,000 a year.
- “At present, Public Employees Retirement Association of Minnesota (PERA) is only 76 percent adequately funded to meet its future commitments. The system would need another $4.4 billion to become fully funded.”
- "Solvency — or the assurance that 100 percent of potential pension payouts have money behind them — is mandated by state law by 2031. PERA is on track to reach that goal…”
- According to David Montgomery, chief administrative officer for the city of Duluth: “Minnesota is not the worst out there, by far. But there is an issue… It’s not an imminent, crisis-tomorrow issue, but if you let it go, the less time you have to make up any shortfall. And time is your best friend to make the impact of any change more moderate.”
From the Duluth News Tribune, April 22, 2012
| The results of the 2012 University Challenge are in! ...
- University of Wisconsin - Madison takes 1st Place.
- Marquette University places 2nd place.
- University of St. Thomas takes third place.
Along with the University of Northern Iowa and the University of Minnesota, each of the five participating universities produced an impressive proposal for the 5-parcel, 1.91 acre CPM Development site on University Avenue. In a program enjoyed by more than 100 NAIOP members and with a fun reception at Brit's Pub, it was an exciting event that had the closest team scoring in the nine-year history of the competition.
| TEAM PRESENTATIONS from the 2012 UNIVERSITY CHALLENGE
View the five team proposals from the University Challege competition on redeveloping a 5-parcel CPM Development site on University Ave adjacent to the University of Minnesota campus.
Click Here to access the University of Wisconsin - Madison presentation as a PDF file.
Also available, select resumes from the University of Wisconsin team.
Click Here to access the Marquette University presentation as a PDF file.
Also available, select resumes from the Marquette University team.
Click Here to access the University of St. Thomas presentation as a PDF file.
Click Here to access the University of Northern Iowa presentation as a PDF file.
Also available, select resumes from the University of Northern Iowa team.
Click Here to access the University of Minnesota presentation as a PDF file.
Also available, select resumes from the University of Minnesota team.
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Because we view the world through eyes of our employer-tenants, NAIOP offers a unique perspective when advocating for a more business friendly environment in which to operate. As we listen to their stories every day, one message remains constant: costs really matter to them…and new, friendlier policies regarding business property taxes would go far in assuring their success and speeding economic activity and employment growth.
Pat Mascia, NAIOP Minnesota president, in a letter to Governor Dayton asking him to support the phase out of the State General Property Tax.
It’s time for NAIOP members to contact Governor Mark Dayton:
The Honorable Governor Mark Dayton
130 State Capitol
75 Rev. Dr. Martin Luther King Jr. Blvd.
St. Paul, MN 55155
(651) 201-3400
Read Pat Mascia's letter, sent to the Governor on behalf of NAIOP members and their tenants.
Talking points and background information on the State General Property Tax phase out.
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