SOCCER STADIUM TO REPLACE ST. PAUL CENTER

Some leases are more ironclad than others, as Alan Loth and Scott Koecheler, the co-owners of Midway Pro Bowl in St. Paul, Minn., have found out the hard way.

The shopping center in which the bowling center is located has been sold to the owner of the new Minnesota United soccer team, who plans to build a $200 million stadium on the site.

This message was posted on the center’s website: “Bill McGuire (owner of the Minnesota United Soccer team) and RK Midway (current owner/landlord of the Midway Shopping Center) have terminated our lease, which means they are putting us out of business.” Eight years remained on the lease, but it included a clause that allowed for early termination.

Read more here: http://www.twincities.com/2017/08/21/midway-pro-bowl-closing-to-make-way-for-st-paul-soccer-stadium/. Be sure to scroll all the way down to view a vintage newspaper ad promoting the center’s opening 34 years ago this month.

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