The verdict? Those plans may be doable, but they won’t be cheap.<\/p>\n
The report by Urban Investment Group, RNL and KHO Consulting examined potential development arrangements for the Snelling-Midway “SmartSite.”<\/p>\n
The consultants found a $22 million to $31 million gap between today’s market value of the site and the cost of necessary new infrastructure, including $40 million in needed structured parking, as the land is redeveloped in phases.<\/p>\n
The report encourages a mix of building types and uses, most of them at least four stories tall, with open spaces and pedestrian amenities to create the feel of an urban village.<\/p>\n
It suggests a variety of approaches to close the funding gap, including tax-increment financing and grants and loans.<\/p><\/blockquote>\n
They’re suggesting a “public-private partnership”, which inevitably means large, rent-seeking “private” companies that are deeply in bed with government, building to a plan that has nothing to do with what the market demands but merely tries – at immense taxpayer expense – to skew the market toward the government’s (politically-driven and ultimately futile) plan.\u00a0<\/p>\n
Think Galtier Plaza, Riverplace, Saint Anthony Main, The Conservatory, Mississippi Live…<\/p>\n","protected":false},"excerpt":{"rendered":"
The completion of the “Green Line” has the urban planning dorks dreaming big again.\u00a0 Next up for Saint Paul – an “urban village” on Snelling by University, where the old MTC Bus Barn used to be.\u00a0 It’ll be 4+ stories, the usual dog’s breakfast of “mixed-use” buildings a minimum of four stories tall, full of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69,28],"tags":[],"class_list":["post-45705","post","type-post","status-publish","format-standard","hentry","category-socialism","category-st-paul"],"_links":{"self":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/45705","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=45705"}],"version-history":[{"count":3,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/45705\/revisions"}],"predecessor-version":[{"id":45790,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/45705\/revisions\/45790"}],"wp:attachment":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45705"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}