Sell for More News is a weekly blog series with interesting information from the world of commercial real estate.
There is no punchline. Minneapolis has enacted a ban on drive-throughs. You’d think they’d be a little more sensitive to losing residents given their taxes and 8 months of winter…but it seems not. Drive-through lanes, shockingly, will be phased out.
They argue that the incentives to do this are safer roads for drivers and pedestrians and cleaner air.
They believe drivers are distracted before they pull in to order food and again when they pull out after receiving their orders, putting pedestrians in danger.
More importantly, they are discouraging the use of automobiles in an effort to meet their city-wide goal of reducing greenhouse gas emissions by 80% by 2050. As a bonus, banning drive-throughs should reduce vehicle idling, thereby improving air quality.
In order to reach the city’s goal, the Minneapolis 2040 plan includes several unique measures:
- Eliminating off-street-parking minimum times
- Limiting the construction of new surface parking lots
- Rezone neighborhoods to allow multifamily residences in all areas of the city
- Impose strict parking restrictions near mass transit stations
- Car repair businesses will also be prohibited close to Minneapolis Metro stations
- Another step yet to be enacted is a ban on new gas stations throughout the city
That said, the sky won’t fall right away. The bans on drive-throughs and gas stations both apply to new structures only. Existing locations will be grandfathered in.
And let’s not forget…people love to drive-through. Drive-throughs aren’t limited to restaurants but also include liquor stores, cleaners, banking, grocery shopping, postal services, pharmacies, photo processing shops, and much more.
Starbucks has drive-through windows at 40% of its current coffee shops and plans to include drive-throughs in 60% of new locations.
McDonald’s just began using artificial intelligence with drive-through menu boards to tempt customers to make extra purchases.
One thing is for sure…Minneapolis is going to be an interesting social experiment to monitor.
Estimate how much your property is worth, for free, before you list it for sale. Plus get the step-by-step blueprint to sell your property for the highest price the market will pay (click here)
How to get an unfair advantage. Click here to join Sell for More Club today.
Pop the champagne. Our clients celebrate when their sale closes…and we supply the champagne. Click here to schedule a no pressure call to get started.
About Beau Beach, CCIM
Beau is a tenacious Commercial Real Estate Broker, author and adoring father of four. His clients appreciate his no-nonsense demeanor and his legendary work ethic.
Beau leads Beachwood which is a commercial real estate broker for sellers in the Nashville, Milwaukee, South Florida and Chicago markets.
He’s the author of the books The 3 Reasons: Why Most Commercial Properties Don’t Sell and True Wealth: What Every Seller Should Know About 1031 Exchanges.
Beau can be reached at 800-721-3287, click to schedule a call or Beau@ProwessIRES.com