Minnesota News

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

October 26, 2023
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

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