Please show me where I have advocated for any of those things you list.
I can see why if you thought I was going to go point by point and try to refute the things you said, you'd be confused that I was bringing up things you didn't mention. But that was not my intention, I'm just voicing my frustration with face value assumption that crime is the problem here.
Well, OK, I'll take you at face value. That said, I don't back down from my feeling that linking 'people that agree with me' and no-go zones, police militarization, etc. is unfounded, offensive, and offered without even a smidge of evidence.
Uptown has needed to better serve its actual residents for some time. Now, there is ample space for the neighborhood to refocus and for property owners to abandon dreams of signing another luxury tenant and just cashing checks for the next ten years.
Umm, I believe that's precisely the point I was making? Allow me to quote myself:
In my personal opinion, the turning point might be when we see a couple distressed commercial sales, or even a commercial foreclosure or two. That would be a big signal that the model that was tried and failed around Hennepin and Lake needs a hard re-boot. Basically, it would be an acknowledgement that the underwriting that went into the buildings the last time they sold is no longer valid.
In case this slid by you, 'abandoning dreams of signing another luxury tenant' is precisely what I was getting at. Unfortunately, properties have changed hands at valuations that require an Apple Store or a Victoria's Secret level rent to pencil out. As I stated, we need a re-set, where it becomes clear that those are pipe-dreams and the buildings change hands at valuations where charging rents affordable to locally oriented businesses can still be profitable to a property owner. As I mentioned: when Seven Points (then Calhoun Square) traded in 2019 it was at $34.5M. In 2007 it traded at $47.3M (per Wikipedia). Roughly a 25% loss in value over 12 years! This I view as a positive step.
Taking it further, I also explicitly said that crime isn't the
problem. It's a
problem that (I hypothesize) hits Hennepin and Lake harder than, say, LynLake for exactly the reasons above. The Uptown area is (was) reliant on a shrinking consumer base that never really made sense (visitors). You top that situation off with a pandemic and the concomitant increase in crime, and I totally believe Juut when they say it's the nail in the coffin. Who is crime going to hurt more (on a relative basis), Chino Latino or Caffrey's? Apple Store or Irina's? Juut or Royal Pet?
Calling it fragile is pretty reductive. I come here to talk about construction projects and development news. If I wanted to engage in this sort of discourse day in, day out, the Star Tribune comment section exists.
I guess my two points would be 1) then don't participate in the particular discourse that bothers you? and 2) expecting only discourse that you come here for is
kinda fragile, is it not? (Harrumph! They aren't talking about the things I want!)