Facilities Venues

CITY ASKS T-WOLVES OWNER FOR MORE IN TARGET CENTER DEAL

1.17.1995

     The Minneapolis City Council has proposed a revised
financial plan to purchase the Target Center with taxpayer-backed
general obligation bonds for $40M.  Part of the deal requires T-
Wolves buyer Glen Taylor to pay an additional $14M to offset the
original asking price of $54M.  Taylor's agreement to pay Harvey
Ratner and Marv Wolfenson $88.5M for the team is hung up over
delays in the Target Center buyout (Diaz & Weiner, Minneapolis
STAR-TRIBUNE, 1/13).  Taylor had no response, other than to say:
"That would create other problems" (Patrick Sweeney, St. Paul
PIONEER-PRESS, 1/13).

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