Terrel points to an article about Denver selling (I think) development rights near lrt to help fund it. Look to the lack of development near lrt stops in Portland: after 10 years of lrt operation, there was so little private development near stops that they decided to grant ten years of property tax forgiveness for developments near lrt. Rail was supposed to revive the Dallas downtown. The last figure that I saw, a year or two ago, is that the office vacancy rate there was over 30%. I think that it is expected that Mpls is heading for 12-14%? Vacancy is cyclical, but will that be the highest rate or just a stop on the way to a Dallas rate? The Strib did an article or two not long ago that compared office space costs and vacancy rates for different areas in the metro. I thought that it was enlightening, but don't recall the figures now. But high vacancy rates cause office owners to seek lower appraisals and lower property taxes. Bruce Gaarder Highland Park Saint Paul [EMAIL PROTECTED] _______________________________________________ Minneapolis Issues Forum - Minnesota E-Democracy Post messages to: [EMAIL PROTECTED] Subscribe, Unsubscribe, Digest option, and more: http://e-democracy.org/mpls
