St. Cloud offers to help next owner of Fingerhut with tax cuts

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When it comes to the future of Fingerhut, the only thing St. Cloud city leaders can do now is wait. There is a letter of intent on the bargaining table. Peter Lytle and a group of investors say they are taking the first steps toward buying the catalog company. Lytle is one of a number of investors who have shown interest in Fingherhut. Lytle has said if Fingerhut turns out to be a good deal for his group, he could finish the deal as early as next week. St. Cloud city leaders say the economic health of their community relies on a successful sale of Fingerhut. They've offered up millions of dollars in tax breaks to help seal a deal. They say it's an investment that will pay off. But some economists say using any public money to help large corporations is risky. Mainstreet Radio's Tim Post has this report. <

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