Latrell Sprewell Greed Award Goes To...
You may remember back in late 2004, when Latrell Sprewell, who played basketball for the Minnesota Timberwolves, announced he had a problem. He was worried about being able to feed his family. At the time, he was being paid $14.6 million a year by the Timberwolves. But what really worried Latrell was that the Timberwolves had offered to pay him $21 million for the next 3 season, a mere $7 million per year. When it comes to greed without shame, Latrell Sprewell is one of the guys leading the league.
Now I read where Investment Management president Bruce Lambrecht, who has had personal and political ties to Hennepin County Commissioner Mark Stenglein, is whining about the number of millions of dollars Hennepin County is about take from its tax payers and give to his company so that it can build a stadium on his land. Stenglein said that when the county filed for condemnation two months ago, Lambrecht said to him, "God, Stenglein, you guys are condemning our livelihood."
Richard Pogin, chief financial officer of Investment Management Inc., which represents the property owners, said Friday that the county has budgeted a maximum of $13.5 million to buy the site, which he said is far below its fair market value. County officials have declined to make public what they have offered, though county records list the property's assessed value at $8.37 million.
So basically Lambrecht helped get Stenglein re-elected specifically so that the county would buy his land and make him richer, but $13.5 million isn't enough!
Bruce Lambert gets one of our Latrell Sprewell Ten Most Selfish and Greedy Minnesotans award for 2007.
