Rebuilding cities, one easel at a time

  • Article by: JIM BUCHTA , Star Tribune
  • Updated: July 7, 2012 - 6:24 PM

Business is booming for a Twin Cities-based nonprofit that's helping cities revitalize buildings as live-work spaces for artists.

  • 4
  • Comments

  • Results per page:
  • 1 - 4 of 4
jfloringJul. 8, 12 9:01 AM

I noticed the article skipped over the fact that nonprofit real estate tax exemption status also helps make these project financially feasible, right?

0
0
porkerJul. 8, 12 9:06 AM

I'm a big fan of Artspace for their vision and commitment to the local arts community. Beside the Northern Warehouse, Artspace has also developed Tilsner Co-op in Lowertown, Grain Belt Studios in NE, the Traffic Zone Center in the North Loop, and of course, the new Cowles Center for Dance on Hennepin Ave. Great job Artspace!

1
0
mmcfetrJul. 8, 12 1:35 PM

jfloring, the tax status is covered in the article. That exemption allows them to create low income housing in otherwise vacant buildings---which also generate no taxes. The other alternative is to tear the building down and develop market rate housing or commercial property. There are plenty of those, and more in the works.

0
0
jfloringJul. 9, 12 1:57 PM

mmcfetr, the article doesn't mention that non-profits are exempt from paying real estate taxes... Also, economic development doesn't necessarily follow development like this. Look at Broadway and Central as an example (400+) artists and you would never know it by looking at the area. This type of development is only one part of the puzzle. Just playing devils advocate. I do wonder what the numbers look like as it relates to the dollar volume that isn't taxed as a result of non-profit status.

0
0
  • 1 - 4 of 4

Comment on this story   |  

ADVERTISEMENT

Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT