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Carl Larsson's avatar

Brent, thank you for this thoughtful piece—especially the very interesting zoning-map history.

A sincere question: hasn’t the City revisited—and in effect reaffirmed—the R-3 zoning on this plot on a periodic basis since 1977? When was the last time it was reviewed and reaffirmed?

I share in your aims of more downtown housing, walk/bike friendly neighborhoods, and truly affordable homes, as well as the public value of stewarding the culture and heritage that make historic districts like ours such special places to live. Good people can weigh these goods differently as we figure out how to harmonize them for the common good of all.

Most all of the people I know who oppose the current B-1C application still support developing the 473 S. Main St. property; our concerns are instead about the outsized scale and design of this specific proposal given its location in the heart of our historic district. In other words, many would welcome a smaller project at Lindsey—or a larger one in an area already zoned B-1C (or similar)—but placing B-1C here is the sticking point. As someone who supports the current proposal, do you think there might be common ground in exploring design changes that blend more gracefully with the surroundings and genuinely enhance our historic downtown, while still adding to our housing supply? Maybe that could be our way forward as a city!

I don’t think it is six-stories-or-nothing. On the feasibility of a smaller development, the price or value of the land depends on what someone is willing to pay, which in turn depends on what zoning allows. If it’s up-zoned to B-1C, the property owner can ask for a higher price because a six-story building will generate significantly more cashflows to the developer than a townhome complex (thus justifying a higher price for the land). If Council reaffirms R-3 (or a middle-scale zoning between R-3 and B-1C), however, the asking price for the land would have to come down, all else equal. More precisely, the price should come down to the level at which it would be economically feasible for a developer to buy the land, develop it, and still turn a profit. This is why I would argue R-3 (or other middle-scale) projects are indeed feasible on this property. (Many speakers during last night’s public comment period seemed to assume that the asking price of the land would remain the same regardless of the rezoning outcome. That assumption is not generally correct.)

While smaller developments may generate less cash flow for the property owner and developer, I’m sure we can agree that such private profits are not a measure of public benefit when considering rezoning applications. Affordable housing is a public benefit. So too is the history and cultural heritage that give a city its character. How do we best navigate the tradeoff between the two in this case?

I’ve learned a lot from your writing and would welcome a friendly chat in person sometime. It seems like we have some common interests with land-use, biking, and a love for our great city. Thank you again for your thought on this topic!

-Carl Larsson

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