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Paul Anderson Featured in Finance & Commerce

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Posted Sep 10, 2013

Real Estate Attorney Paul Anderson was featured in an article by Finance & Commerce, August 21, 2013, regarding a lawsuit filed by Minneapolis Venture LLC. The lawsuit disputed a use agreement for land adjacent to the future Minnesota Vikings stadium. At the time of the article, the land in question was under eminent domain powers by the Minnesota Sports Facilities Authority, but was the subject of negotiations for purchase by the Authority from Minneapolis Venture LLC (an entity connected to developer Bob Lux and Minneapolis-based Alatus LLC). For the past decade, the land has been used for pre-game concessions and public restrooms. The article stated that a lawsuit could hamper pre-game activity during the Vikings’ final season in the Metrodome.
 
Anderson commented to reporter Chris Newmarker on the lawsuit’s potential to speed up negotiations on the land purchase, which had been stalled due to disagreements over the land’s value. He also commented on the timeline for eminent domain proceedings and its impact on pre-game activities. Anderson has practiced real estate law for more than 25 years and focuses his practice on real estate development, sales, acquisitions, financing and leasing transactions, and other landlord-tenant issues. He handles many complex transactions for a wide range of sophisticated clients and is certified as a Real Property Specialist by the Real Property Section of the Minnesota State Bar.

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