The residents of St. Anthony Mobile Home Park are about to
lose their homes! The owner of the park, Lowry Grove Partnership, decided to
list the multi-family community for $6 million and specifically structured the
transaction to deny the tenants their right to buy the property first; instead,
The Village was to buy the property.
According to a Minnesota 1991 state law, the residents
reserve their right to first refusal of the property beneath their homes before
the landowner can decide to sell to a third-party. Obviously these requirements
were not met.
Finally, on June 10, the residents were able to persuade an
affordable housing nonprofit organization, Aeon Management, to match the $6
million offer on their behalf, but the property was sold the next business day.
The buyer, The Village, plans to remove the 97 mobiles to renovate and
redevelop the property; but maybe they shouldn’t be too quick to act.
Now suing both the buyer and seller, the residents of St.
Anthony Mobile Home Park have asked a judge to undo the deal and let them buy
the property with the help of Aeon Management. Minnesota Attorney General Lori
Swanson has taken the case and the side of the tenants!
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