So minneapolis plans on building a rail line which will connect a lot of outer cities to down town. Will this be a positive for real estate investors or a problem. I'd like to hear your thoughts on the subject. The project is predicted to be completed in 5 to 8 years I believe.
Improved infrastructure is never a problem. (or at least I'm certainly having trouble imagining a scenario where it could be) The bigger and busier a city gets, the more it needs good transit.
i agree. i know a friend whose parents own a unit near the U of M campus but a bit removed. They got lucky and a rail station was built right outside their building! I can only imagine that dramatically increases the value of the property rather than hurt it!
Throughout history improved transportation always leads to growth in real estate. I would go with history and say this will be a good thing. Now, how long this will take to materialize and exactly where will be a little harder to predict.
Denver just did it a few years ago and property values are more than double in most areas. Of course, there are other factors beyond just the infrastructure. The only complaint is that with the light rail there are a LOT of dumpster-diving and thefts near the stops.
Thank you for all the great responses.
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