Former Minneapolis Mayor R.T. Rybak has steered the discussion of planning for "The Yard" in the right direction ("Can we render this into reality," June 1). Anyone involved in financing and designing our new high-profile park would be advised to study the 10-year-old Millennium Park (MP) in Chicago. While much larger in scale, it offers lessons.
A diverse group of government agencies, citizen volunteers and arts organizations collaborated to build MP. The park was funded by a combination of public money and corporate/private philanthropy (nearly half the cost) plus corporate naming rights for high-profile park features. The area around MP saw a building boom and soaring property values; thus, a special taxing district helps to finance maintenance costs.
Essential features at MP that can be scaled to the Yard are gardens, an outdoor pavilion to host concerts and movies, a water feature or fountain, signature large-scale art installation, restaurant space, a bicycle commuter facility and an ice skating area. To draw visitors from one area of the park to another, high profile, artist-designed bridges could span Portland and Park avenues.
Cost overruns, construction delays and infighting among the groups planning MP should also be studied and avoided.
Steve Millikan, Minneapolis
THE 'TWO SANTAS'
Why capital gains taxes should be low
The main point of Lori Sturdevant's June 8 column ("The future, sans Santas: Will anyone try to map it?") is that politicians need to deal with the expenses of Social Security and Medicare and revenue reductions due to tax deductions and the low capital gains tax rate. I agree that entitlement expenses and tax deductions are big problems that need to be addressed. I would take issue with the "low" capital gains tax rate.
Most people think that it is unfair that capital gains are taxed at a lower rate than income. I would point out that there are two differences. Capital gains are made on investments that benefit society but have risks. The lower tax rate helps encourage investors to take those risks. Additionally, capital gains are made on investments that have a longer time frame than does income. As such, they are affected by inflation. In order to be fair, capital gains taxes need to account for this.
Separately, thanks to D.J. Tice for his excellent column "The battle lines of judicial activism, from our very own court" (June 8). The job of a judge is to issue rulings based on the law and the Constitution. The alternative is rulings based on opinion. Those in favor of judicial activism should ask themselves whether they would be happy with that approach if the judge had a different opinion than theirs.
James Brandt, New Brighton
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