I'm for lowering property taxes.
I'm for job creation.
I'm for reducing our carbon footprint and making this a greener city.
I'm for increasing the population of Minneapolis and its density.
I'm for drawing families with children back in from the suburbs.
You've heard all of those refrains from elected officials in Minneapolis, but as they continue to consider Council Member Linea Palmisano's moratorium on so called teardowns in southwest Minneapolis, the City Council and Mayor Betsy Hodges are contemplating an action directly at odds with each of those stated goals.
The term "teardown" — the replacement of an often antiquated home with a new larger home — sounds pejorative, but there cannot be new construction without teardowns in an urban area.
Each teardown results in a substantial increase in assessed value and reduces upward pressure on property tax rates for the neighbors. Teardowns create jobs for construction workers, trades people, architects, landscapers, Realtors, lawyers, decorators and others. Although larger, the modern replacement homes are vastly more energy-efficient. The replacement homes better fit the needs and tastes of affluent suburban families, whose potential return to the city increases revenues and provides added pressure for improved schools.