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COMMENTS of the WEEK — Rents and real estate

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Daily Planet articles touching tangled urban real-estate questions drew attentive comments by readers this week. In the news were the Frogtown neighborhood in St. Paul and Dinkytown in Minneapolis.

In Frogtown the question was whether rising residential rents were a side-effect of the new Green Line light-rail construction and what impact continuing rent increases would have. New Media student Madeleine Gerrard at Macalester College explored the data and the issues in Rents rising in Frogtown as light rail opening day approaches. Here is one of seven comments from readers:

Charlie Quimby • The chart [in the article] says apartment rents are stable. The key is not whether rents for condos and single family houses go up, but whether the overall supply remains affordable for people with low incomes. Rising rates for these other properties signals rising property values, which could be a good sign for those who own homes or were renting out properties they couldn't sell.

In Dinkytown the question was whether Minneapolis City Council would approve or reject a developer’s request to demolish one older residence and two small business buildings in order to build a six-story hotel. The local neighborhood association and the city’s Historic Preservation Commission had weighed in against the development proposal.

The Planet’s Bill Huntzicker posted Dinkytown hotel v. Historic preservation in late January. On February 21 Minneapolis City Council voted not to grant the demolition permits, and we reposted the report of that decision by Nicholas Hallett in the Minnesota Daily. Here is one of several comments we received:

Randall Davidson • The real estate market forces at play in making Dinkytown and the Marcy Holmes neighborhood so attractive to developers will not change in the short-, mid- or long-term: location of the University of Minnesota, proximity to downtown Minneapolis, the best access to public transit and biking in the Twin Cities, and the city's commitment to green, livable, high-density neighborhoods that provide easy access to retail amenities. People want to live in places that retain and protect the character of a neighborhood. [The developer] can be part of the process of defining that character or he can walk away. Other developers will find the neighborhood's qualities attractive and will find receptive collaborators among current and future residents.

Remember, reader comments are the lifeblood of community conversation in the Daily Planet. Join in. Agree or disagree. Praise or criticize. Be brief, be civil, be heard!

Daily Planet articles touching tangled urban real-estate questions drew attentive comments by readers this week. In the news were the Frogtown neighborhood in St. Paul and Dinkytown in Minneapolis.

In Frogtown the question was whether rising residential rents were a side-effect of the new Green Line light-rail construction and what impact continuing rent increases would have. New Media student Madeleine Gerrard at Macalester College explored the data and the issues in Rents rising in Frogtown as light rail opening day approaches. Here is one of seven comments from readers:

Charlie Quimby • The chart [in the article] says apartment rents are stable. The key is not whether rents for condos and single family houses go up, but whether the overall supply remains affordable for people with low incomes. Rising rates for these other properties signals rising property values, which could be a good sign for those who own homes or were renting out properties they couldn't sell.

In Dinkytown the question was whether Minneapolis City Council would approve or reject a developer’s request to demolish one older residence and two small business buildings in order to build a six-story hotel. The local neighborhood association and the city’s Historic Preservation Commission had weighed in against the development proposal.

The Planet’s Bill Huntzicker posted Dinkytown hotel v. Historic preservation in late January. On February 21 Minneapolis City Council voted not to grant the demolition permits, and we reposted the report of that decision by Nicholas Hallett in the Minnesota Daily. Here is one of several comments we received:

Randall Davidson • The real estate market forces at play in making Dinkytown and the Marcy Holmes neighborhood so attractive to developers will not change in the short-, mid- or long-term: location of the University of Minnesota, proximity to downtown Minneapolis, the best access to public transit and biking in the Twin Cities, and the city's commitment to green, livable, high-density neighborhoods that provide easy access to retail amenities. People want to live in places that retain and protect the character of a neighborhood. [The developer] can be part of the process of defining that character or he can walk away. Other developers will find the neighborhood's qualities attractive and will find receptive collaborators among current and future residents.

Remember, reader comments are the lifeblood of community conversation in the Daily Planet. Join in. Agree or disagree. Praise or criticize. Be brief, be civil, be heard!


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