The Minneapolis City Council has lifted the moratorium on teardowns and new construction. We believe this is a wise move for all involved. Under the lifted moratorium, property owners can once again tear down their old home and build a new one, thereby seeking to improve their property and its value. Minneapolis homeowners should have the right to do this as long as applicable codes are followed, in our opinion.
Neighborhood residents also benefit from increasing property values, because "a rising tide lifts all boats," as they say. Lastly, the City benefits from a higher tax base, so this appears to us to be a "win-win-win" for everyone.
Download an official copy of the Minneapolis Residential Construction Management Agreement to see new constrution management rules that contractors will have to abide by.