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Wayzata is a premier suburb located 11 miles west of downtown Minneapolis. With a population of 4,500 people, Wayzata is a tight-knit community which is known for its vibrant downtown and picturesque setting on Lake Minnetonka. A popular destination for visitors, Wayzata’s downtown is home to a number of specialty shops, boutiques, professional services, and restaurants.

Monday, January 19, 2009

Wayzata Investment Partners have big stake in Star Tribune debt

Well, I didn't know what to think of reports that local investment company and spin off of Cargill, Wayzata Investment Partners had purchased a large share of the Star Tribune's secured debt. With articles and speculation flying after the recent Chapter 11 Bankruptcy filing by the Strib, it appears that the local juggernaut of investment firms may end up with controlling interest in the paper.

Check out a number of the stories that have surfaced in recent days:

If there ends up being a strike on Lake Street by the Star Tribune Unions, I guarantee I will have a front row seat while sitting at Sunset's having a burger and fries and watching all the mayhem, and you will be able to read about it here at Wayzata.com. Otherwise, stay tuned for all the latest developments regardless.