Thursday, October 23, 2014

Met Council approves TOD Grants

The Met Council approved $6.5 million in grants for transit-oriented development along transit lines in Minneapolis and other metro communities. The planned projects represent $255 million in private investment along transit corridors, and are estimated to add and additional $1.4 million to the tax base.

These projects have the potential to generate 2,800 construction jobs, 765 regular jobs, and nearly 35 percent of the housing planned is affordable housing.

An overview of the TOD project proposals can be found HERE.

Transit improvement along West Broadway is hoped to encourage Transit Oriented Development projects like the ones proposed above.  What sort of development would you like to see along West Broadway?

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