Thursday P.M. Report

$870M Metrodome replacement plan unveiled:  The Metropolitan Sports Facilities Commission today unveiled plans for a $870 million, multi-use stadium on the current site of the Metrodome. The projected costs are about 11 percent less than an estimate of $954 million from early 2009 because of lower labor and materials costs. The latest plan calls for a 65,000-seat facility. Read full story

SEC investigating Wells Fargo practices: Federal regulators are looking into Wells Fargo & Co.’s securities lending practices after several Twin Cities foundations accused the San Francisco-based banking giant of losing their money on risky investments, according to a published report. Wells Fargo confirmed that it provided information to the U.S. Securities and Exchange Commission about its securities lending program. Read full story

Treasury prices TCF warrants at $3: The U.S. Treasury Department added $9.45 million to the U.S. bailout fund as it auctioned warrants for TCF Financial Corp. at $3 each. The transaction, which officially ends Monday, represents the last of the Treasury’s stake in the banking company. Read full story

U.S. Bank leases office for 1,100 employees in Kansas: U.S. Bank plans to lease a 185,000-square-foot building in Overland Park, Kan., for a new service center that will employ 1,100, the bank said today. The announcement came after J.P. Morgan Retirement Plan Service said it would move its 800-job headquarters from Kansas City to space leased on the sprint Nextel campus, also in Overland Park. The U.S. Bank Service Center there will  be one of the Minneapolis-based bank’s largest. Read full story

Surgeon to become Park Nicollet’s chief medical officer: A Park Nicollet Health Services surgeon will become the St. Louis Park-based health provider’s chief medical officer, effective Jan. 1. Dr. Steven Connelly replaces Dr. David Abelson, who was promoted into Park Nicollet’s president post earlier this year. Read full story

Comments (1)

  1. Submitted by Bernice Vetsch on 12/18/2009 - 03:51 pm.

    The Colosseum (sp?) in Rome has lasted over 2,000 years, but it seems that no matter how many millions we spend on a sports stadium, the team(s) find after a couple of decades that it is no longer suitable or desirable and say, “so please build us a new one.”

    I say Not With Taxpayer Dollars.

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