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Residents at Edina HRA meeting press city for answers on Business Innovation Lab closure
Summary
Two residents told the Edina Housing and Redevelopment Authority on Feb. 27 that the Edina Business Innovation Lab has closed and alleged a city loan default; staff said the chamber sent a membership message claiming the lab closed, that the chamber has not issued a full press release, and that the city has not declared a loan default but will investigate and report back.
Two Edina residents used the Housing and Redevelopment Authority's Feb. 27 public-comment period to demand more transparency and accountability over the status of the Edina Business Innovation Lab.
David Frankel, who identified himself as living on Lakeview Drive, told the HRA he believed "the lab has closed and they're defaulting on their loan" and said the city should issue a press release about the project and any money the city lent. Frankel also said, "This is a taxpayer investment of probably close to $1,000,000," a figure he…
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