Connect
Minnesota News

Twin Cities Business: Rent Control Continues to Chill Development in St. Paul

Twin Cities Business: Rent Control Continues to Chill Development in St. Paul

The ramifications of rent control are continuing to be felt in St. Paul as the planned construction of 2,000 market-rate units remains on hold. The developer stated that the pause results from an inability to find financing after St. Paul voters passed a rent control ballot measure in 2021. The project, which was planned years before the ballot measure, was slated to include a variety of housing options, including row homes, apartments, senior living and custom home lots. – Twin Cities Business

STAY INFORMED

Join Our Email List

Managed by Immediate Bitwave

Managed by Immediate MSpark