"Billionaire's Park Point Plans Unveiled Amid Local Backlash"

1 min read
Source: Duluth News Tribune
"Billionaire's Park Point Plans Unveiled Amid Local Backlash"
Photo: Duluth News Tribune
TL;DR Summary

Billionaire Kathy Cargill, who recently purchased approximately 20 Park Point properties at above-market value, expressed her intention to occupy a vacation home she renovated but turned sour on other ideas for "beautifying" the properties after community backlash. Residents raised concerns about the purchases, including the prospect of increasing property values. Duluth Mayor Roger Reinert and residents have expressed frustration over Cargill's lack of communication regarding her plans for the properties, while Cargill emphasized that the properties belong to her and her entity, North Shore LS LLC, not the Cargill family at large.

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