Minneapolis risks missing out on the “back to the city” trend in real estate if residents fight redevelopment that can help the city add to its tax base, Steve Berg says in an editorial urging elected officials to lift a recently instituted one-year moratorium on teardowns in five neighborhoods in southwest Minneapolis.

City Councilwoman Linea Palmisano introduced an ordinance on March 7 halting teardowns in Linden Hills, Fulton, Armatage, Kenny and Lynnhurst, saying there were 67 permits filed last year to build new single-family homes in the 13th Ward alone.

Berg says that in theory, a goal set by Mayor Betsy Hodges to bring more than 100,000 residents to the city can be achieved by increasing density along commercial corridors with access to public transit, leaving established neighborhoods of single-family homes largely undisturbed.

In practice, many homes in the southwest neighborhoods are “postwar two-bedroom ramblers that are too small for modern tastes and built on lots that are more valuable than the houses,” he says. “Unless the city wants to discourage a renewal of its housing stock, it must, within reasonable limits, allow larger homes.” Source: MinnPost.com.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription