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INFORMATION #1 08-14-2006
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INFORMATION #1 08-14-2006
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United Properties Outlook: Boyd's Perspective <br />Page 2 of 2 <br />• On the Northeast side of the Twin Cities, MNDOT is at work unknotting the confusing weave of freeway <br />intersections involving I-35E and I-694 in the Little Canada area. Once completed, traffic will move more freely to <br />the north on I-35E as well as on the east-west I-694 route, potentially spurring more development in cities such <br />as Lino Lakes, Hugo and Forest Lake. Industrial development will likely expand in these communities, along with <br />additional retail. <br />• In the Southeast quadrant, MNDOT is removing a major traffic bottleneck with the replacement of the Wakota <br />Bridge carrying I-494 over the Mississippi River. The work also involves improving the I-494 and Highway 61 <br />interchange, which will bring more development attention to surrounding communities such as St. Paul Park, <br />Cottage Grove, South St. Paul, Woodbury and perhaps as far south as Hastings. Much of this land is considered <br />prime for industrial development, given the improved access and lower prices than some other areas. <br />One thing is certain: the Twin Cities transportation system is expanding outward to accommodate both increased <br />population growth and greater economic development. Even cities in the inner loop will likely experience change as <br />some commercial uses move outride the core of the metro, leaving behind opportunities for redevelopment. Citip~tl <br />who understand the growth prospects of the entire Twin Cities area ar <br />cities will be best-positioned to take advantage of these opportunities. <br />fopyright 2002-2006. United Properties. Ali Rights Reserved. <br />3500 American Boulevard West, Minneapolis, MN 55431. <br />Private Po1iCY ~ Contact UP ~ Download Hard Copy ~ Request Hard Copy <br />Back To Top <br />http://outlook.uproperties.com/Screens/BoydsPerspeetive.aspx 8/8/2006 <br />
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