Chart of the Day: Lane Miles Per Estimated Market Value

LaneMilesPer100MEMV

Today’s chart of the day is the second in a series.  Although Ramsey and Hennepin counties have far fewer lane miles per capita, they appear to make far more productive use out of each mile.  This chart shows lane miles per $100 million of estimated market value of assessed property.  This data comes from MNDOT and the Minnesota Department of Revenue (2012/pay 2013).

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One Response to Chart of the Day: Lane Miles Per Estimated Market Value

  1. Alex Cecchini
    Alex Cecchini October 28, 2014 at 9:47 am #

    Crunched a couple quick numbers. Excluding personal property as part of market valuation, lane miles (including alleys for Minneapolis) per $100m estimated market value:

    Minneapolis: 9.28
    Eden Prairie: 7.66
    Bloomington: 10.7
    Edina: 5.52
    Hopkins: 8.53
    Lakeville: 13.02
    Eagan: 11.2

    Not making value judgements necessarily, but I would guess that the cities with lower ratios have lower debt/maintenance obligations per capita & per dollar of assessed property value. We should also evaluate room to grow this tax base. As Nick pointed out last week in his piece, being on a grid that’s easily served by transit/biking/walking (and this able to intensify in many places), Minneapolis, Hopkins, Edina, and parts of Bloomington could add many millions to their tax base without expanding lane miles (heck, they could even do it by reducing total lane capacity by turning lanes over to cycle tracks, wider sidewalks, etc).

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