President Obama will visit St. Paul on Wednesday February 26, 2014. His visit will be two-fold: first a stop to tour the Metro transit facility that is responsible for light rail operations and then downtown to Union Depot to discuss new job creation measure.
The President's visit will spotlight the new Central Corridor rail line that will finally link the urban centers of Downtown Minneapolis and Downtown St. Paul. With stops at the University of Minnesota and along University Avenue the new lightrail, dubbed the "green line," will link the downtowns in the same way Streetcars did before they disappeared over 60 years ago.
The green line is currently being tested and is scheduled to open in June 2014 and I expect it will have a positive affect on the real estate market surrounding its route. While public transportation has existed between the downtowns since the streetcars left, the light rail will cause home buyers to take a new look at those communities that surround the green line because of the convenience it will bring to those who work and/or play in the downtown Minneapolis and downtown St. Paul. For many home buyers, they want to live where they can conveniently access the amenities that the downtown centers provide, but they don't want to live "in" those urban centers.