The local company that bought the Ameriprise Financial Center skyscraper nearly two years ago for a shockingly low price of $6.25 million has missed both property tax payments this year, according to county data.
Why it matters: This is another sign of distress for downtown Minneapolis' office market and helps explain why buildings are trading for so little.
You can buy a 31-story tower for $6.25 million, but then you have to pay a property tax bill of $1.5 million, plus energy, maintenance and security costs.
