Tag Archives: economics

Why Minneapolis needs a Land Value Tax

This image shows a mostly undeveloped parking lot, occupying a full block of prime real estate in the heart of downtown Minneapolis. Why does this lot remain underdeveloped? The owner of the land could increase their income drastically if they developed the land to its fullest potential. Additionally, the city as a whole would gain […]

800px Doughnut (economic Model)

National Links: The Donut Model

Every day at The Overhead Wire we collect news about cities and send the links to our email list.  At the end of the week we take some of the most popular stories and post them to Greater Greater Washington, a group blog similar to streets.mn that focuses on urban issues in the D.C. region. […]

Ronald Reagan in The Bad Man, by Richard Thorpe (1941)

Arguments Against Minneapolis’s Draft Comprehensive Plan, Addressed (Part III)

Phew! The public comment phase of the exhaustively publicized, discussed, and public-feedback-solicited 2040 Minneapolis Comprehensive Plan is over. I don’t know about you, but I am incredibly aware of the existence of this planning process and of my opportunities and methods for learning what the draft plan contains, and for offering my feedback! However, the planning […]

Minneapolis Skyline View from 24th Street Pedestrian Bridge (by Tony Webster

A Modern City for People Would Devote Less Space to Cars

I have been struck lately by how much space privately-owned automobiles take up. It’s the Starbucks on Marshall that got me thinking about it, and just the sheer percentage of that lot that is devoted to moving and storing cars. All space devoted to use for cars is people-unfriendly. Car space increases distances between destinations. […]

Shut Up and Take My Money…Before I Board

Rather than spending decades coordinating on farecards and behind the scenes payment technologies, transit agencies, and other organizations with their own currency, should join the rest of the world and just use standard modern payment technologies. Not special edition MasterCards.  Not new consortiums of region-only standardized fare cards. Use soon-to-be run of the mill NFC-enabled smart phones, cash, and credit […]

Chart of the Day: Median Asking Price vs. Growth in Housing Units

Via an Oregon media outlet, here’s an interesting chart of different US metro areas showing the correlation between “median asking price” and “% growth in housing units.” It comes from an op-ed by an Oregon economist named Timothy Duy. Here you go:   In typical supply-and-demand fashion, Duy argues that places that build more housing have […]

Live footage from Channel 79

Minneapolis’ Progress on Parking: A Channel 79 EXCLUSIVE

Minneapolis is one City Council vote away from enacting a major, nationally-heralded parking reform, authored by Council Member Lisa Bender. I’ve watched with great interest as the debate has unfolded on Channel 79. To summarize the back-and-forth as uncharitably as possible: utopians on bicycles deployed a slew of crowd-pleasing parking analogies* (1, 2), while some of […]

The Soccer Stadium Should Pay Taxes

A belated congratulations to our local soccer team for gaining admission into Major League Soccer. The Minnesota United FC are one of twelve professional sports teams based in the Twin Cities: Minnesota Twins Minnesota Vikings Minnesota Timberwolves Minnesota Wild St. Paul Saints Minnesota Lynx Minnesota Vixen Minnesota Swarm* Minnesota Machine Minnesota United FC** Minnesota Lady […]

Chart of the Day: Construction vs. Non-Construction Employment

Here’s a chart from the Big Picture, an economics blog, about how slow the construction sector has been to rebound from the 2008 housing crisis. Here’s the take on the data: The relatively weak recovery in construction employment is interesting for at least two reasons: First, construction work is a source of relatively high-wage jobs […]