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Wednesday, September 18, 2013

As the Green Line comes closer, investment increases


More than 90 percent completed, construction on the Central Corridor—now known as the Green Line—is coming closer to completion, and businesses are investing at a record pace nearby.
With still one-third of the year left, Saint Paul has seen a 5-year high in economic investment along the line, having already issuing $143 million in development permit valuations. That puts 2013 already ahead of 2012 by $1 million, and figures for the last few years  overall show a 49 percent increase in permit valuation activity since 2008.
As the Green Line comes closer and closer to being open and running, more and more businesses are investing along the green line, and getting ready for the thousands of passengers the train will bring to their doorstops every day. On Sunday, University Avenue closed to motor vehicles for Saint Paul Open Streets, an event where people on foot, bikes or skates could come experience the community and local businesses along the line. Check out a video of the event here:
 

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