New research suggests falling downtown Minneapolis commercial property values are part of a long-term trend that could continue shifting more tax burden onto homeowners.
5 EYEWITNESS NEWS spoke with distinguished Hamline University professor David Schultz, who said his research was partly inspired by 5 EYEWITNESS NEWS reporting. Schultz said the drop in commercial property values in Minneapolis goes back beyond the pandemic.
“If the pandemic created the problem, we would have seen a similar pattern continuing to this day, with Edina,” said David Schultz…