For months, Black Lives Matter activists and their media supporters have said that business owners who saw their livelihoods destroyed during riots shouldn’t worry because insurance would cover their losses. It turns out that won’t be the case, at least for business owners in Minneapolis and St. Paul, Minnesota.
The Star Tribune reported that a construction crew hired by the city of St. Paul to tear down the Sports Dome retail complex, which was destroyed by rioters, charged $140,000 for the demolition. The city sent the bill to the owners, which was for nearly six times the amount insurance would pay for demolition. Jay Kim, who owns the property, told the Tribune his insurance policy only covers up to $25,000 in demolition costs.
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