By leasing some of its publicly-owned parking facilities to private developers, the city of Minneapolis is taking a large chunk out of its debt and creating a new stream of tax revenue.
"Minneapolis will shed eight of the 24 parking ramps it operates under the $88.2 million deal."
"The sale allows the city to retire about one-third of the debt on its parking facilities, and strengthen its cash flow on the remaining ramps, according to projections. The privately held ramps would generate an estimated $3.4 million in property taxes annually."
"More property taxes would come from the development that two of the buyers are required to generate at three of the ramps, paying penalties if they don't. The required development at the Downtown East, St. Anthony and Seven Corners ramps totals almost $33 million."
FULL STORY: Council OKs city ramps sale for $88 million

Alabama: Trump Terminates Settlements for Black Communities Harmed By Raw Sewage
Trump deemed the landmark civil rights agreement “illegal DEI and environmental justice policy.”

Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

The 120 Year Old Tiny Home Villages That Sheltered San Francisco’s Earthquake Refugees
More than a century ago, San Francisco mobilized to house thousands of residents displaced by the 1906 earthquake. Could their strategy offer a model for the present?

San Francisco Opens Park on Former Great Highway
The Sunset Dunes park’s grand opening attracted both fans and detractors.

Oregon Legislature to Consider Transit Funding Laws
One proposal would increase the state’s payroll tax by .08% to fund transit agencies and expand service.

Housing Vouchers as a Key Piece of Houston’s Housing Strategy
The Houston Housing Authority supports 19,000 households through the housing voucher program.
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