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Metropolitan Council Invests in TOD Near Light Rail

The Metropolitan Council in ­Minneapolis-St. Paul recently awarded almost $4.6 million in Livable Communities funds to four TOD projects along Metro Transit light rail corridors that ultimately will provide 361 affordable homes and more than 1,500 new permanent and temporary jobs.

“Transit and development are a dynamic duo,” said Metropolitan Council Chair Alene Tchourumoff. “They work better together. Transit is most successful when it provides service where people live and work, and development is successful when people can readily get there. Investments in projects like these help make our region more livable.”

The grants include $1.45 million for a planned mixed-use project near the Dale Street Station on the Green Line, providing retail/commercial space, office space and affordable senior housing; $1.5 million for a mixed-use development and enhancements to the 38th Street Station on the Blue Line; $750,000 for a new mixed-use development at the planned SouthWest Station on the Green Line Extension, near an existing park-and-ride for SouthWest Transit in Eden Prairie; and $850,000 for a mixed-use, mixed-income “ecovillage” at the Wooddale Station on the Green Line Extension in St. Louis Park, which will include a solar canopy over a nearby parking area, anaerobic digester to manage waste and generate power and an urban forest.

The council’s investment will leverage nearly $216 million in private investment and almost $26 million in other public investment. The program has awarded almost 1,000 grants totaling $351 million since its introduction in 1996.
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