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HIGH DENSITY HOUSING:
To me high density housing means multi-unit residential rental property of 12 or more units.
Minneapolis has recently 'upzoned' properties on and on either side of Lyndale, the Greenway, and perhaps other neighborhoods outside of Whittier that I am not aware of.
There has been talk that the reason for this ‘upzoning’ appears to be intended to increase the tax base by adding residential units upon which taxes can be collected. It also has been said that the City Council has a legal responsibility to meet financial obligations.
It is a sad situation: The City has employees, pensioners, all of the obligations of a municipal government - and apparently the tax revenues are insufficient to pay for them.
It is said that is the way it is, and nothing can be done about it other than to cut services and raise taxes.
I fear for my neighborhood, especially those portions of it along the Greenway and up and down Nicollet. Huge buildings may soon be built, depending upon available financing. Who will occupy those buildings? Maybe people without jobs.
There will be traffic and parking problems; concentrations of adults and children; increased demands on the infrastructures such as water and water, electricity, natural gas, roads, schools and commodity providers – grocery stores and other shopping facilities. Upgrading these infrastructures will incur costs as the new taxes could even go uncollected.
I am truly afraid that the future if great numbers of people who were not enticed to come for employment, but instead because of low cost housing. This will bring a decline in the livability of Minneapolis.
I wish I could tell you solutions to the financial obligations the City of Minneapolis has. I cannot, I can only tell you that I am a home owner and rental property owner, and that my income has never been really good.
However, I can tell you this: No option will go unexplored, no question unasked, and I will make every effort to insure future financial obligations are within the Cities means.
There is a lot I don't understand about the finances of the City of Minneapolis, but I do understand about the finances of people working every day to make a living.
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