St. Paul's Alliance Bank Center gives tenants 48 hours to vacate, frustrating and shocking business owners [CBS News]
Xcel Energy Inc. (XEL)
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Source: CBS News
In an email sent to all tenants, Alliance Center, LLC said it cannot sustain the costs to operate the building any longer, given the unsustainable financial situation that exists at the building. Its lender, Royal Credit Union, did not show any interest in providing additional funding for the building. The email did not state when utilities would be shut off, but a letter from St. Paul Fire Department shared with WCCO stated power would be shut off on Wednesday, and if that happened, "The building's management company Madison Equities plan to walk away." After 36 years of selling jewelry in the building, Paul Hartquist had 48 hours to pack up and leave. "It's poor on their part not to give us advance notice; 48 hours is not acceptable," Hartquist said. For tenants like Mario Gonzalez-Mitchell, the closure is more than an inconvenience, but a major blow to his livelihood. He founded "Why I Am" in honor of his father, Jim, with a mission to break the cycle of hopelessness a
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XEL
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- 10/30/25 - Miss
XEL
Sec Filings
- 12/10/25 - Form 4
- 11/25/25 - Form 4
- 11/21/25 - Form 8-K
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