Cargill Heiress Buying Up Lake Superior Beach Front Cheap – IOTW Report

Cargill Heiress Buying Up Lake Superior Beach Front Cheap

The Messenger

One of the bolder members of the low-key Cargill family of billionaires is reportedly buying up and demolishing real estate in a quaint beachfront Minnesota community, raising eyebrows among locals who have no idea what she’s up to.

Kathy Cargill, the wife of James Cargill — one of the heirs to the giant Minnesota-based food company Cargill Inc. — has acquired 10 properties in the Park Point community along Lake Superior over the past year, paying well over market value for most of them, the New York Post reported Tuesday, citing its own sources and earlier reporting in the StarTribune and Duluth News Tribune in Duluth, Minnesota.

While her real estate entity has demolished at least seven of them — they were “pieces of crap,” she told the Duluth News Tribune — she won’t tell the local press what her plans are for the properties. More

21 Comments on Cargill Heiress Buying Up Lake Superior Beach Front Cheap

  1. Park Point is a seven mile long sand bar that stretches out into Lake Superior. There have been a lot of summer homes along it. I suspect Cargill wants to put up a mansion on the water. We’ll see what zoning will let her do.

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  2. She is the quintessential arrogant elitist who loves to “elevate” herself by looking down on the middle class while yelling “Look At me!”. Remember these houses were someone’s home… something I was always tought to respect!

    Maybe when she’s done dabbling with her pet project they’ll re-name it Pork Point!

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  3. She can buy anything she wants. Her family is worth $Billions.
    If she wants to buy property above appraised value, that’s her business. Big article about nothing, am I to be incensed or envious that she bought something with “her” money? Well, I’m not.

    It’s not like Bill Gates and the Chinese buying 10s of thousands of acres of US prime farmland.

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