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The best data we have regarding the impact riots have on property values comes from a 2004 National Bureau of Economic Research report written by economists William J. Collins and Robert A. Margo. That paper focused on the aftermath of the 1960s riots and examined census data from 1950 to 1980 to measure the effect riots had on property values.

  • “Using both city-level and household-level data, we find negative, persistent, and economically significant correlations between riot severity and black-owned property values,” wrote Collins and Margo.
  • The authors found riots “significantly depressed” the value of black-owned property, noting that “there was little or no rebound during the 1970s.” over 40 manufacturing buildings were burnt hardly a POS also the oldest paper Mills closing that’s been in duluth since 1906 laying off permently 1000
  • Residential property is hardly the only casualty, however. A 2004 economic study on the LA riots of 1992 found that in addition to the $1 billion in property damage and some 50 people killed, the riots accounted for a loss of economic activity that cost the city $3.8 billion in taxable sales and more than $125 million in direct sales tax revenue.

but they are not citing recent economic data for Minneapolis. Riots aren’t going to cause many businesses to jump ship from an area that has a comparatively business friendly, robust economy like Minneapolis.

just because they got away with it once before doesn’t mean they’re going to get away with it again. Any sensible invested business is not going to reopen in Minneapolis. You should do it.

I’ll tell you what, let’s bet any amount you want. Each year that the Minneapolis economy produces less than it did in 2019, you owe me the bet amount. Each year it produces more than it did in 2019, I owe you the bet amount. We’ll replay each year for 10 years.

Yes they will. Especially larger businesses. If I have six locations and one of them is in Minneapolis – I will not invest more in an at-risk location and it will be the first to close. Economics. Risk and market make it an easy decision.

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