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Price set for Twins stadium land

Associated Press

MINNEAPOLIS — Hennepin County officials and owners of the downtown Minneapolis land where a new Minnesota Twins stadium is being built have agreed on a $28.9 million price for the land.

The county took title to the land months ago, making a deposit of $13 million. The remaining amount of the settlement includes interest owed to landowners on the amount above $13 million, said Aron Kahn, spokesman for the landowners.

Terms of the settlement reached on Friday were announced at a news conference Monday morning.

The landowners had been seeking $33 million for the land, which the county contended was worth $19 million.

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The settlement was reached with the aid of a special mediation panel, averting a Nov. 13 court hearing on the issue.

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