Impacts of the Hiawatha Light-Rail Line on Commercial & Industrial Property Values in Minneapolis: A Transitway Impacts Research Program (TIRP) Research Brief

Author(s):

Jason Cao

July 2010

Report no. CTS Research Brief 2010-03

Projects:

Value-added: Impacts of the Proximity to Transitway Stations on Commercial Property Values

Topics:

Economics, Funding & finance, Rail, Transit planning, Urban Transportation

This two-page document summarizes a study of 2004 sale prices of commercial and industrial properties before and after completion of the Hiawatha light-rail line in Minneapolis to determine if proximity to a light-rail station affects property values.

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Sponsored by:

Ramsey County, Hennepin County, Minnesota Department of Transportation, Itasca Group, Washington County, Metropolitan Council, Anoka County, University Metropolitan Consortium, Center for Transportation Studies