DULUTH - Mayor Roger Reinert expressed worry this week about billionaire Kathy Cargill’s extensive Park Point property purchases, assuring residents the city intends to explore its options.
“The plan for these properties is unknown, and that is concerning to many, including me,” Reinert wrote in a social media post Tuesday.
He said the city is “investigating zoning and other regulations that would apply to future construction and also address future demolitions.” Nine of the 12 homes purchased in recent months by Cargill’s limited liability company, North Shore LS, have been torn down. City permits were issued Monday to cut utilities to prepare for demolition of the remaining three.
The LLC has spent $6.7 million acquiring the single-family homes, some in multiparcel sales, on the fragile sandbar in the last 14 months. More than 20 parcels now belong to the LLC. Many of the properties were sold at twice their estimated value or more. It’s triggered anxiety from neighborhood residents and those who use the 7 miles of its iconic public beach.
Reinert told city councilors Monday that he had not heard back from Cargill after sending a letter last month asking her to meet with him and the Park Point Community Club. He asked council members to co-sign a new letter he is sending after Cargill’s company closed on two more properties in late February.
At Monday night’s City Council meeting, President Roz Randorf said she was concerned about the loss of so many homes.
Chief Administrative Officer David Montgomery assured councilors that every sale has been lawful, and the city will have input if rezoning or redevelopment requests are made.
Park Point is zoned for mixed use in some areas, but it’s largely residential. All of Cargill’s properties lie in residential zones, according to city maps.