[Mpls] Minneapolis Affordable Housing

[Allen]

It probably does.  Just as it's likely to hold true for employees of
companies in Eden Prairie, Bloomington, Belle Plaine, Channhassen [sic],
Maple Grove and Burnsville.  Areas like Shakopee, Savage, Rogers, and such
are growing fast.  To point at that and say "see, MPLS doesn't have enough
affordable housing" doesn't fully address the complexity fo the issue.  For
example, if the cost of housing is an issue, would these people willingly
live in Minneapolis to be close to work if it meant living in a brand new
3000 sq ft condo?  Or is the issue how much will it cost to have a yard?  If
the issue is the cost of housing, the main factor driving the cost of
housing is the value of the property on which it sits.  It seems natural to
me that the value of property is going to be considerably higher in
Minneapolis than Shakopee or Afton.  And the way to offset the cost of the
land on which the housing is located would seem to be to put more units,
build upward that is, on the land to spread out the cost of it.

Allen Graetz
Kenwood

----- Original Message ----- 
From: <WLDJ36 at aol.com>
To: <mpls at mnforum.org>
Sent: Monday, May 24, 2004 5:44 PM
Subject: [Mpls] Minneapolis Affordable Housing


>  Chaska, Shakopee,   Waconia, etc. I expect this may hold true for the
Allina employees at the
> redeveloped Sears site.