Miami mall to be bigger than MOA

American Dream

Well, we’ll just have to add another couple floors and three hundred more shoe stores. Says Martin Moylan at MPR: “Triple Five, the company that owns the mall, plans to build an even grander shopping mecca in Miami. The company announced that it is acquiring property and beginning plans to develop a building it’s calling ‘American Dream Miami.’ In a press release the company said, ‘It is our intent that this project … will exceed our other world-famous projects in all respects.’ The website for the proposed mall boasts that it will include the largest mix of indoor facilities in the world, including a 300,000-square-foot amusement park, a water park, an indoor 12-story ski slope, a hockey rink, an aquarium and a performing arts theater. The mall is projected to hold more than 400 retailers, restaurants and services.”

The birds are showing flu-like symptoms. The AP’s Steve Karnowski reports, “A strain of bird flu that’s deadly to poultry has been found in a Minnesota commercial turkey flock but the risk to humans is low, state and federal officials announced Thursday. It’s the same highly pathogenic H5N2 strain of avian influenza that’s been confirmed in backyard and wild birds in Washington, Oregon and Idaho, but it’s the first appearance of the strain in the Mississippi flyway, said Dr. Bill Hartmann, Minnesota’s state veterinarian.”

I doubt my collection of Jackalope cards from Wyoming are worth as much. John Lauritsen of WCCO-TV says, “[Fred] Eckhardt is on a quest to get a card from every town in Minnesota and South Dakota- that means stops at garage sales during his cross-country trips. It was during one of those stops at an Illinois farm nearly 30 years ago, that he found something unusual. … One [baseball card] had Jimmy Archer of the Chicago Cubs on it. The other had the legendary Shoeless Joe Jackson — famous for his alleged role in throwing the 1919 World Series. Not knowing their worth, he sat on the cards for decades.” Shoeless Joe? $2200.

Tim Nelson at MPR looks at the reasons for our Fortune 500 bona fides. “Myles Shaver, a professor at university’s Carlson School of Management, said Minnesota has 17 Fortune 500 corporate headquarters. According to his research, that’s an unusual number for state, given its population and region. … Shaver said he hopes to study why Minnesota, and the Twin Cities in particular, have proven so good at fostering corporate giants. But the state’s big businesses, Shaver said, often don’t have an obvious link to the region. He cited Target, the retail giant, and medical technology giant Medtronic, which do not have a necessary connection to natural resources or other features of the state.”

Talking Target, Sarah Halzack at The Washington Post says, “There were a few indications that Target is going to be highly focused on winning[the Hispanic] demographic going forward.  In his portion of the investor presentation, chief marketing officer Jeff Jones presented company research on how many Target shoppers identify the store as their ‘favorite,’ a measure they see as a proxy for brand affinity. While just 38 percent of Target shoppers overall identify the store as their favorite, some 54 percent of Hispanic millennials said it was their favorite.”

And for a little perspective, Ben Johnson at City Pages reminds readers, “As Target employees fret over their job security and downtown Minneapolis braces for the inevitable economic fallout, let’s remember the guy who got fired for getting Target into this mess in the first place received $61 million in compensation on his way out the door. Ex-Target CEO Gregg Steinhafel was fired last May. He was in charge during the retailer’s disastrous expansion into Canada, a security breach that allowed hackers to obtain 40 million customers’ credit card information, and the glitch-plagued launch of Target.com in 2011. … Originally it was reported Target’s board of directors was able to slash Steinhafel’s compensation on his way out, but upon further review, his stock options, 401(k), and pension pumped the golden parachute up to a whopping $61 million. On top of that, current CEO Brian Cornell could make up to $16 million in his first fiscal year on the job, according to the Business Journal.” Top-tier executive talent has to be incentivized, otherwise could really get bad.

Solar seems to be cutting into Minnesota’s wind standing. Frank Jossi at Midwest Energy News says, “Minnesota has dropped three places since 2011 in the America Wind Energy Association rankings as Oklahoma, Oregon and Washington have surged up the rankings and as the state has focused on solar energy production. Which begs the question — has the solar boom taken the luster out of wind in Minnesota? If Minnesota is seeing a wind slowdown, it’s in large part to its early success. ‘There has been a bit of a lag, but I would frame it as our utilities are ahead of the curve in meeting their 2025 standardss,’ said Beth Soholt, executive director of Wind on the Wires.”

Dad probably isn’t pleased. Chao Xiong in the Strib has the news on Sheriff Rich Stanek’s kid. “The son of Hennepin County Sheriff Rich Stanek pleaded guilty Thursday to fourth-degree drunken driving. As part of the plea, charges of refusing to submit to a chemical test and marijuana possession were dismissed against Ryan J. Stanek. He was cited by Maple Grove police, but Thursday’s plea was held in Ramsey County District Court due to a conflict of interest in Hennepin County. … According to a police report of the incident, Ryan Stanek was arrested about 3:30 a.m. on New Year’s Day in the 8100 block of Shenandoah Lane. Police responded to a call that there was a person slumped over in a vehicle parked on the street.”

Speaking of family matters, Stribber Dave Chanen writes, “A teenager was charged Thursday by the Hennepin County attorney’s office with shooting his father in the face at their Minnetonka home, severely wounding him. Because the boy is under 16, the proceedings are not public and no further information can be released regarding the charges.”

U of M student leaders want an end to asking prospective classmates if they’ve got criminal issues. The PiPress’s Josh Verges says, “The U system’s undergraduate application asks prospects whether they currently face charges or ever have been convicted of a criminal offense. Robert Stewart, a doctoral student on the Twin Cities campus who proposed eliminating the question, said there’s no evidence the question makes colleges safer. Applicants often lie about their past, he said, and the question does a poor job of predicting who will commit crimes once admitted. What is clear, he said, is that it discourages some people from applying.”

You can also learn about all our free newsletter options.

Comments (5)

  1. Submitted by Ray Schoch on 03/06/2015 - 07:42 am.

    American Dream Miami

    Sounds more like ‘nightmare’ than dream, and they’ve left out the part where the ‘ground’ floor is knee-deep in Gulf Stream water not long after the project is finished and the developers are up to their eyeballs in debt. I suppose they could built it on gigantic stilts, massive concrete pillars to hold everything above water level, though doing it that way will complicate the parking.

    With polar and Greenland ice caps disappearing, and a 6-to-10-foot rise in sea level by mid-century a likely consequence, sane investors will find some other place to put their money. A ground floor that requires waders should make the development far less attractive to potential customers, and much of Miami may well be under water by then, anyway.

    • Submitted by Jack Lint on 03/06/2015 - 08:31 am.

      Sinkholes

      Don’t forget sinkholes. Nova did a show dedicated to sinkholes and included the problems that Florida faces. Part of problem of depleting the groundwater to protect the citrus crops from frost and keep those lawns green is an increasing number of sinkholes.

      Next: let’s talk about the python problem.

    • Submitted by Jonathan Ecklund on 03/06/2015 - 08:39 am.

      But think of the first-in-the-world submersible parking lot!

  2. Submitted by Robert Moffitt on 03/06/2015 - 08:26 am.

    Some perspective on wind energy

    You can measure a state’s wind energy in a number of ways: installed capacity; kilowatts generated or share of electricity generated. I believe the later is the most informative, and by that measure, Minnesota’s 15.9% wind energy ranking puts us in the top 5 states in the nation, well ahead of Washington (6.3%) and Oregon (12.7%), and not too far behind Oklahoma (16.9%).

  3. Submitted by kay smith on 03/06/2015 - 08:27 pm.

    Miami mall

    maybe the first floor could be the ultimate water park?

Leave a Reply