Is Rochester Losing Its Downtown Arts Community

Dated: 01/07/2016

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With Destination Medical Center (DMC)starting to make its footprint in Rochester, MN, the ripples are starting to affect the downtown tenants. SEMVA Art Gallery on the Peace Plaza closed its doors last month after being unable to negotiate a reasonable lease renewal. According to the owner of the building, property values have increased 68% which has increased his taxes and iscausing him to raise the rent.SEMVA is actively pursuing new locations,but with DMC development pressure and increasing costs, downtown areas do not seem viable (although one area under discussion is the Chateau Theaterbuilding). This will be the topic of the next "Post-Bulletin Dialogue" on Monday, Feb. 8, at the Rochester Public Library auditorium. If you are interested in the future of the arts community in downtown Rochester you may find this an interesting discussion to attend!

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Dan Kingsley

Dan is a licensed realtor in Minnesota. Since 2011, Dan has been a co-owner of the Realty Edge Team with Kyle Swanson, at eXp Realty, LLC, at 300 1st Ave NW in Rochester, MN. He shares his life with h....

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