City Council approves financing tool for streetcar line


The City Council unanimously voted today to approve a financing tool that will allow the city to use tax revenues generated from parcels along the Nicollet-Central corridor to help finance a proposed streetcar line.

For the first phase of the project, city officials are promoting a 3.2-mile streetcar line from Lake Street to University Avenue estimated to cost around $200 million. Eventually, the goal is build a line stretching from 46th and Nicollet to Columbia Heights.



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