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Friday A.M. Report

Shubert renovation begins, Café Brenda closing, property taxes rising, ADC sales down.

Shubert Theater renovation begins: Minneapolis city officials Thursday celebrated the start of construction on the Shubert Theater renovation project on Hennepin Avenue in downtown. Read full story

Cafe Brenda closing Warehouse District restaurant: Cafe Brenda, a vegetarian-themed restaurant in the Minneapolis Warehouse District for the past 23 years, is closing. Owner Brenda Langton announced her decision on the restaurant’s website. Read full story

Minnesota property tax levies up 3.5% in 2010: Minnesota taxpayers will see, on average, a 3.5 percent increase in their property tax rates if proposed tax levies are adopted later this year, according to the Minnesota Department of Revenue. Read full story

ADC Q4 sales down 37 percent, stock slides after hours: ADC Telecommunications on Thursday reported sales of $183.9 million for its fourth quarter of fiscal 2009, down 37 percent from the same period a year earlier. Fourth-quarter net loss was $19.8 million, or 20 cents per share. Read full story