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"If a city rezones industrial land because
<br />it believes retail or residential is a
<br />better use, it should consider replacing
<br />it in another part of the city."
<br />protecting their industrial base. For example, Maxfield
<br />Research reported in 2006 that Minneapolis steadily lost
<br />industrial land and could lose another 31°/~ to other uses if
<br />no action is taken. The industrial market is recovering, and
<br />Minneapolis wants to be positioned to capture demand, so
<br />it's working to preserve the remaining industrial land.
<br />"Cities that embrace the concept of having a mix of
<br />development will be in a much better competitive position;'
<br />says DelDotto. Also, cities must evaluate the long-term
<br />economic benefits of industrial versus other uses. While abig-
<br />bos retailer, for example, might employ 85 part-time people at
<br />minimum wage, a warehousing operation could employ a
<br />dozen employees with frill-time, stable jobs that pay ~~0,0(1O
<br />annually with good benefits. Cities must weigh these benefits.
<br />If a city rezones industrial ]and because it believes retail
<br />or residential is a better use, it should consider replacing it in
<br />another part of the city, DelDotto notes. Oftentimes, it's taken
<br />for a net loss. °If the Twin Cities continues to chip away at its
<br />industrial base," he says,°we'll lose businesses and jobs"
<br />DelDotto is also concerned about land prices.'Because
<br />cities are being more selective in the uses they allow, that's
<br />putting pressure on the available industrial sites and pushing
<br />up land prices. It will only make sense for higher-end indus-
<br />trial users, because heavy industrial can't afford higher land
<br />prices. And where will Chey go?"
<br />The industrial market is begriming its recovery, and the
<br />strength of that recovery in the Twin Cities depends not only
<br />on the individual businesses, but also on each city's willin},mess
<br />to work with these users to maintain, if not expand, the com-
<br />munity's industrial base. Some cities, however, can and do get
<br />by without an industrial component.The accompanying arti-
<br />cles seek to provide additional perspectives about industrial-
<br />zoned land in the community.
<br />Why Cities Choose Not to
<br />Have Industrial
<br />If ,~ ci~ '~~, to I we ar ur~ustrial h~~se, it b~,cause it
<br />offF r~ i ~~ts, a tax P,a,c; anrJ the oi~portrdnity (~r peopia to
<br />work in lht~ir community, ays Tcby Madden, a Bederal
<br />R Bank of Mn r eapoli; ieraionalrcoromist. ~~However.
<br />a r i'~ , y 3~.idc rot to Have it austrial in their particular city.
<br />B plc ;:ai rote with their f22t. SC1YT e conunur ities would
<br />rather be ~~ bedroo~r community and Fave rift en=, 'travel to
<br />anther lily to work.' This, t ~ _,ays, ct~n ber~etit the city witY~
<br />the irdvstr ial hale, be 3~i>e p~oplo tr ~ ~El.inq to work in their
<br />p irk ~riill support their retaiU :~rricer Al~:c, hE =ays nearby
<br />cili s ~.ai, ~i ~v~, it a ,r. adv intar~E. If ~~ .ornr~unity hzas ~~
<br />sUale .~y n t 1,~ f ~dc u•~;~stri-al the anti-treat city h~~~s more of
<br />an ir~ r~nfr br~~ ,:i~~ts ~ `f the (' ~~ t. up r~t~nd
<br />I :ion't think ~' '>hia it ~ _>.aun ~ i:~t~~: ilia~_~ ~' Mad-
<br />., jvs_ ira.a,tr i~jl i ,not lot ~,ery c m~rnunity D> we watt
<br />a ! plant r ~ L-eke Mint ~~t:mka with all of the high end
<br />'~ i : tir.[hony a _;mall ~~~~>graphir arc<3-be
<br />~~ rc~siri, r lial, retail any: industrial? II,
<br />n :I i ~ b cn.e, sir<<~ if~~s a t~ droor~ ~'ur•~m,unity.
<br />F~ ~ ~ ~ ~ ~~ ,apply lah~x it otI e~ crtias
<br />is r t !~ppl~/ ~r jem ar ~, Macy r ,~~,~s, will
<br />i ~, push the rigF~t ill ~cahon of re u.er?tial anc;
<br />_ r ~ i_il -irea, ni ere theti~a3re rr~caed mcsL
<br />It or .r ~~ d n't ~ acct waret ousinri fur examplc:~,
<br />b i1 t~ ~: hou ,irg due t ~ a large nur7iber of
<br />r t .~~'~. i ~ ~ _ a premium cn w ~~ -'~o i ace_ ~~Se if
<br />{" ~ h a~~ailabhi land, l c ~r ~ ~ liC, ~ explains.
<br />r ~ ~ ~t~ therF will a~ly-~ay~ b~= conflict
<br />k ~ fi- nt opmi;:n on thr~ tvpi~_ ..It.,
<br />r ~ .,, ~ ~ _ i .e cor ~ l aces.
<br />CITIES WITH THE FEWEST ACRES OF
<br />INDUSTRIAL-ZONED LAND*
<br />httpalouttook.uproperties.com 3
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