It appears that the money-losing sale of the Tribune for $530 million included five blocks of land on the edge of downtown Minneapolis!  This fact was buried in a recent story about the Vikings plans for a new stadium.  Powerline cited some musings on the issue  found here. The land in question is directly in the path of downtown's growth, as skyscrapers have been replacing parking lots in an eastward march. It is near the brand new light rail line running to the airport, and near the booming riverfront district where pricey condos have sprouted in former flour mills. The Guthrie Theatre arts complex has just relocated to the riverfront. This development has occurred in the last 8 years, so the Strib's land must have skyrocketed in value, masking an even more serious decline in the value of the paper as an operating business than was previously understood.It should also be noted that in addition to real estate, many urban newspapers have...(Read Full Post)