Parkview Development Makes the NY Times

We finally see some financial numbers on the Parkview deal.  It would have been nice to see the financials during the public zoning discussion.  Below is the section discussing Parkview and a link to the NY Times Article.

"Mayor Mike Maguire of Eagan, a co-chairman of the Regional Council of Mayors Housing Initiative, said one reason his city had approved a land use change for the golf course was that so little new housing was built in the last few years. “When there’s no new development, you have stock that’s increasingly out of date and that tends to bring your home values down,” he said. “That was one of the things we were hearing back from Realtors, was they had people who wanted to move to Eagan but couldn’t find the home they wanted.”

Last year, Hunter Emerson agreed to pay $8.6 million for the golf course, wagering that the city would approve the land use change. The partnership sold the property to a national home builder for $13.1 million, Mr. Carlston said. The houses will cost from $400,000 to $700,000, he said."http://www.nytimes.com/2013/09/08/business/economy/prices-are-rising-for-new-homes-and-the-land-they...&