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Blue Cross sells Eagan headquarters in leaseback deal

Posted under Dakota Co. Tribune Business Weekly,Eagan,News on Friday 3 February 2012 at 9:24 am

Blue Cross Blue Shield and Blue Shield of Minnesota has sold its Eagan headquarters to a New York investment firm for $152.9 million, according to a Star Tribune story posted today.

The complex comprises six buildings, though the deal with W.P. Carey and Co. also includes properties in Aurora and Virginia. BCBS will then lease back the properties, the W.P. Carey said in an announcement on Jan. 30.

“The acquisition of these properties represents what we believe will be a solid income producing addition to the CPA:17 – Global portfolio,” said W.P. Carey Managing Director Gino Sabatini in a press release.

Pamela Sedmak, chief financial officer for BCBS of Minnesota, said in the release that “a long term sale-leaseback was the logical financing option for redeploying the illiquid capital tied up in our real estate holdings” to “enable us to improve the health and wellness of our members and all Minnesotans.”

Neither W.P. Carey nor BCBS would confirm the sale price, the Star Tribune story said, but that reporter acquired the value from Finance and Commerce, which cited records from the Dakota County assessor’s office.

-Aaron Vehling, Thisweek Newspapers

 


Dettmer introduces veterans’ legislation in House

Posted under Dakota Co. Tribune Business Weekly on Tuesday 31 January 2012 at 2:15 pm

Bill dealing with veterans preference for road contracts will be refined, brought back later

by T.W. Budig
ECM Capitol Reporter

State Rep. Bob Dettmer is seeking a civil immunity provision for volunteers in the state’s Beyond the Yellow Ribbon campaign associated with the Minnesota National Guard and is also looking to improve the chances for veteran-owned small businesses to win state road construction contracts.

Dettmer, R-Forest Lake, brought his bills before the House Veterans Service Committee on Monday, Jan. 30.
(more…)


Health insurance exchange recommendations spark spat

Posted under Dakota Co. Tribune Business Weekly on Tuesday 31 January 2012 at 1:55 pm

Republicans declined to take part in task force study

by T.W. Budig
ECM Capitol Reporter

A health insurance exchange advisory task force handed its recommendations to Democratic Gov. Mark Dayton on Monday, stressing the need to find a Minnesota solution in establishing a state insurance exchange.

But the recommendations were drawn without Republican input, the governor explained. (more…)


Dayton furious after Senate rejects Anderson as PUC chair

Posted under Dakota Co. Tribune Business Weekly on Tuesday 31 January 2012 at 1:45 pm

Republicans deny confirmation on party line vote

by T.W. Budig
ECM Capitol Reporter

Democratic Gov. Mark Dayton in blistering language blasted Senate Republicans on Monday after the Senate voted to reject the confirmation of his appointee, Ellen Anderson, as chair of the Minnesota Public Utilities Commission.

“A very good person, a very dedicated public servant, and an excellent chair of the Public Utilities Commission was wrongly maligned and cruelly rejected today by Republican senators, who showed once again that they are unfit to govern this state,” Dayton read from a statement.
(more…)


Caucuses provide stage for workings of democracy

Members of state political parties will gather Feb. 7

Editor’s Note: Thisweeklive has information on local caucuses in the following districts: 36, 37 and 38.

by T.W. Budig
Ecm Capitol Reporter

It’s a chance to shape the political parties and the fortunes of candidates.

Minnesotans will caucus on Tuesday, Feb. 7, gathering in neighborhoods across the state for an exercise in democracy.

“It’s always a big deal,” said Minnesota DFL State Party Chairman Ken Martin of Eagan.

DFL Secretary of State Mark Ritchie views the caucuses as a chance for people to arrange the “building blocks” of parties by molding party platforms.

Beyond this, Ritchie sees the caucuses as providing candidates willing to spend the time, make the phone calls and wear out the shoe leather, with a means of making their political mark without spending a lot of money.

Caucuses can be wellsprings of new ideas, Martin said.

He cites an idea out of a northern Minnesota caucus in the 1950s that Hubert Humphrey latched onto, an idea about helping that eventually took the shape of the Peace Corps.

This year, a presidential year, will add zest to the caucuses as Republicans and Democrats will feature presidential straw polls.

In 2008, in a presidential race matching then-Sen. Hillary Clinton against then-Sen. Barack Obama, some 220,000 Democrats caucused in a record-setting display of fervor.

“I remember standing in a line a mile long,” Martin said.

Republican officials are hopeful for a big caucus turnout for their non-binding presidential straw poll.

Some of the parties are getting innovative in their approach to the caucus.

The Independence Party of Minnesota this year is hosting a live, online caucus.

“I’d love to see a hundred people (participate),” said IP Chairman Mark Jenkins. Jenkins expects a few glitches, but also foresees the use of technology continuing into the future.

Details about the live, online IP caucus can be found on the party’s website: www.independenceminnesota.org.

The IP will have caucuses at more than 40 locations on Feb. 7 — Eagan (2nd District, Northview Elementary School, 965 Diffley Road), Edina, Bloomington, Minnetonka, Plymouth, Coon Rapids and Stillwater among others.

To find where to caucus, check the Secretary of State’s website under “Elections” for a caucus-finder. Caucus locations that were submitted to Thisweek are posted online at www.ThisweekLive.com/

Caucusing begins at 7 p.m.

In addition to the Republican, Democratic, and Independence parties, the Green and Constitution parties also are caucusing.

The Grassroots and Libertarian parties are not.

To be eligible to participate in a caucus, attendees must be eligible to vote in the next general election, live in the precinct, and in general agree with the principles of the political party.

Delegates to party conventions are often elected at caucuses.

One theory about caucuses is that supporters of opposition parties sometimes infiltrate competing caucuses to twist the results.

While Martin and Jenkins don’t wholly discount the scenario, they downplay it.

“It would be very difficult to accomplish,” Martin said.

Democrats are eager to bring new blood into their caucuses, he explained. Democratic statewide candidates have struggled, Martin believes, in part because the same people attend the party’s caucuses. And these activists tend to send similar-patterned candidates into the primaries, election after election.

A turnout of 100,000 citizens on caucus night wouldn’t be too bad, Ritchie indicated. Martin expects around 30,000 people to attend the DFL caucuses this year.

Jenkins said he was unfamiliar with the previous IP caucus turnouts, but, whatever the total, they’re hoping for more, he explained.

The IP, which has seen some election success in Minnesota, is focusing on getting a half dozen candidates elected to the Legislature, Jenkins said.

“I’d be lying if I’d say I’d be disappointed at two or three,” he said.

Attempts to contact Republican Party of Minnesota Chairman Pat Shortridge were not successful.

The Secretary of State’s Office will post the results of the caucus night presidential straw polls on its website. The results will be provided by the parties.

T.W. Budig can be reached at tim.budig@ecm-inc.com.


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