And he said that the development-- there'd be a lot of development. High intensity. Developments closer to the University [of Minnesota].
And it would just slowly begin to creep down here. And unfortunately our neighborhood would be one of the last ones to see it. And so it's given folks even more time to invest in these properties and to hold onto them. So we're starting to see the increase in these costs now. My taxes have gone up every year, and fortunately, my salary has gone up every year.
We're so fortunate and blessed that we were able to pay off our mortgage. And for folks who are on a fixed income, I can see how those taxes and fees that we get from the city, compounded with insurance, can be a hardship for folks.
Especially for folks who are older than me. And so people that could afford to rent at one time are now unable to afford the property taxes and rent goes up.
We saw our value increase pretty quickly in the three months that we lived there. As soon as the light rail opened, when we got our sort of statement of our value, I think we increased by like 5, in three months.
Which we were both shocked, but not shocked. As targeted development has come to the University Avenue corridor, investors have bought up undervalued properties and increased the rents, and homeownership costs have increased at staggering rates, it has become much more challenging for many to see the ways that business development has followed suit because it has shifted at a much slower pace. But there's not a lot of talk about the businesses that suffered, and the debt that they're in, even though if they survived, they survived because they've gotten loans often from the Met Council or the city.
But they're a loan. And so if people are not visiting those businesses, or they're just still holding on, or the ones that did fold, there's not-- it's not clear the net is, I should say.
Along University Avenue in Frogtown, there is a different story to tell. As the aforementioned community stakeholder noted, some businesses were able to survive through the construction of the light rail and they have become the pillars of success for the city. While those that had to close their doors in the process are only known to the local residents that used to frequent their establishments or are business owners who strategically moved out before the impending disruption. Most of University Avenue properties do not offer off-street parking, because properties are built so close to each other.
And most of my customers are parking-- so my grocery store, the front of my grocery store, would be for cars and able to park for cars. After the light rail comes, none of those customers are able to park on University Avenue, therefore myself I have to get out. Otherwise, if I don't get out soon enough, I will be bankrupt, myself. For the businesses that have survived, yet have faced further debt as a result, the impending new clientele may be the hope that will spur development to actually come.
There is some strong community driven development. But then there's all these other buildings that are just coming in to make dollars off of the proximity to the light rail. Now, in actual Frogtown, we haven't seen the huge developments coming yet, but now every time I go home I see new signs saying, "Coming soon.
Coming Soon. Coming soon" down University, and so we know it's coming soon [laughter]. But when you get to west of Lexington it's already happened. Yet the anticipation of the inevitable seems to be so clear for so many as they just wait to see what new developments will soon happen around them. I guess to kind of like visit the area, to see that it's not terrible, so… But there's a lot of people who would come in and they're just like… have this certain idea of what a bakery should be.
And then when they don't see that, they're just like, well, this isn't kind of a bakery that they're looking for. They're looking for a more traditional-- more like a bread shop kind of bakery… I would say more local people. They're kind of looking for more of like the… I'd say, more affordable items or stuff like that….
Like bread shops or they're always looking-- I get a lot of doughnut requests [laughter]. Frogtown also has been home to several generations of the same…. Jackson and Mount Airy Streets The original Mount Airy neighborhood was one of modest, immigrant housing along winding and crooked streets. Its first residents were…. Capitol Heights is the neighborhood north of the state capitol complex. It historically was a mix of modest homes, apartments or flats, and a group of mansions along University and Sherburne avenues that overlooked downtown Saint Paul.
All of the…. Most of the original Rondo Avenue and much of the historic Rondo neighborhood were destroyed when Interstate 94 was built. From the farm to its food, Frogtown is often overlooked as place to explore in Saint Paul--and Xp called us out on it. We asked him five questions. You'll get monthly inspiration, insights, and itineraries capturing the richness and abundance of Saint Paul. Plus exclusive offers, content, and more!
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