City to Rehear Proposal by Developer Bradley Hoyt
Bradley Hoyt, owner of Minnetonka-based Continental Property Group, will reportedly get a new hearing before the Minneapolis City Council for permits related to a proposed development project in Loring Park.
According to the Star Tribune, a Minnesota Court of Appeals panel ordered the City Council to rehear Hoyt's request for a permit and variances for the project, which were denied last year.
Hoyt sued the city of Minneapolis last year, claiming that he and his company did not receive a fair hearing for the proposed development project. Although Hoyt will get a new hearing, the judges found that the council was within its authority to deny the approvals he sought for the project, which suggests that a new hearing is unlikely to change matters, according to the Star Tribune.
In April 2010, Hennepin County District Judge Stephen Aldrich awarded Hoyt and his company, Continental Property Group, $523,000 for legal fees and out-of-pocket expenses. According to the Star Tribune, that money was stripped by the Court of Appeals panel.
When he awarded the $523,000 to Hoyt, Aldrich said that the $11.7 million that Hoyt was seeking for lost profits on the project was “simply too speculative to form the basis of an award of damages.” The appeals panel also upheld that ruling.
Click here to read more about the case in the Star Tribune.