|Image courtesy of Glenn Ford|
|An artist's rendering of Praxis Marketplace.|
It took about two years, but local developer Glenn Ford has finally found investors willing to fund a much-needed grocery store on the empty lot at Penn and Plymouth. Now he needs just a little more time to draft the contracts needed to secure the cash, but the members of the Minneapolis City Council decided they've waited long enough to see shovels hit dirt.
Instead, pissed council members are pulling the plug on Praxis Marketplace. They say they won't extend Ford's rights to build, scolding him for lagging behind schedule throughout the entire development process even though he's just now gathered the funds to complete it.
"This project would have been great for the North Side," said council member Blong Yang. "The developer, Glenn Ford, came in and made all these promises, but it took forever for him to get to a point where he was going to build something. We're nowhere close to getting it done."
Surprise surprise, seeking investors for North Side projects takes time. More »