Category: Economics

A Twin Cities Paving Moratorium

Last Wednesday (February 4)  I attended a public presentation by Ramsey County engineers for a proposed redesign of the Randolph and Lexington Avenue intersection. They are proposing to spend a million and a half dollars to purchase four properties on the northeast corner of the intersection and bulldoze them to make space for a dedicated […]

Valuing Industrial Land: Two Examples

Bill Lindeke’s How Should Cities Value Industrial Land? started a great conversation. He finds contradictory information from different sources and wonders whether they are reconcilable. One report finds industrial land use as one of the most productive land uses in a city, yet tax value per acre shows a different story. Which is right? Both points […]

How Should Cities Value Industrial Land?

In a few weeks, Saint Paul is likely to adopt a new plan for the West Side Flats, a large area of former floodplain right across the river from downtown Saint Paul. While there’s a lot of agreement about the majority of the plan — dense but not-too-tall mixed-use, a reconnected street grid, storm water […]

Analysis: Lots of Cheap Apartments Next to Expensive Apartments

Fancy new apartments: Are they expensive? We’ve heard they’re expensive. Pricing people out and ruining everything, etc. However, Minneapolis has just under 90,000 rental dwelling units. Many of them are not expensive. Some of them, in fact, are expensive but are actually located right next to ones that are not expensive. It should be noted […]

The Beautiful Inconsistencies of a Grand Avenue

Gerber Jewelers is a small business situated on one of St. Paul’s most desirable streets and it’s trying to extend its storefront to the sidewalk. “Gerber Jewelers’ bid to extend the front of its building at 945 Grand Ave. to the sidewalk has been rebuffed. On a 7-0 vote … St. Paul City Council rejected […]

The Curious Case of Luxury Student Housing

The American gentrification story will sound familiar to many: A historic neighborhood, home to traditionally transit-oriented apartments and modest single family homes, slowly becomes destitute and outdated as the automobile era drives population away from city centers. The neighborhood becomes derelict and neglected, but eventually, the bohemian counterculture — the artists, performers, musicians, and designers […]

Boring Public a Culprit in Loss of Treasured Businesses

Last week, the owners of Nye’s Polonaise Room announced that the beloved Northeast Minneapolis bar would be closing next year to make way for a residential tower of some sort. It’s pretty sketchy what that will ultimately entail, but quotes from the developer indicate that the existing building will need to be demolished to make […]