Democratic leaders in Minnesota’s capital city are scrambling for solutions after developers put several large projects on hold across St. Paul in the wake of last week’s election, when residents approved what may be the strictest rent-control policy in the country.
The rent-control ballot initiative in St. Paul was overshadowed nationally by an effort in neighboring Minneapolis to disband that city’s police force. But while the Minneapolis police initiative went down in flames, left-wing activists on the eastern bank of the Mississippi River succeeded in their effort to cap rent increases at 3 percent annually, including on new construction, a step …
Something to Consider
If you enjoyed this article, we have a proposition for you: Join NRPLUS. Members get all of our content on the site including the digital magazine and archives, no paywalls or content meters, an advertising-minimal experience, and unique access to our writers and editors (through conference calls, social media groups, and more). And importantly, NRPLUS members help keep NR going.
If you enjoyed this article and want to see more premium content like this, we have a proposition for you: Join NRPLUS.