This week a city council panel voted to advance Minneapolis’ plans for a 3.4-mile streetcar line along Nicollet and Central Avenues. The Transportation and Public Works committee’s thumbs up clears the way for a full City Council vote next week.
Renderings show preliminary plans for a $200 million streetcar line instead of a bus route. About $60 million of that comes from a state-approved “value capture district,” (similar to TIF funding). The rest will come from funding not yet identified, but could include a transit sales tax.