Let's set aside the controversy on LRT loss of parking and MPR vibration lawsuits for a minute and look at LRT from another side - development opportunity.
Over the last week I have shown Update Company's office buildings to an arts group, a charter school, a design firm, a nonprofit group, and a software company. What do they all have in common? They all want to be located on the Central Corridor LRT line.
Business people may disagree on many factors regarding the Central Corridor, but there's one thing we can agree on: LRT is already bringing millions of dollars in new development to the Midway. Here are some examples:
- The Lyric apartments are near completion at the Raymond Station.
- Frogtown Square senior housing and retail has begun construction at the Dale Station.
- The New Victoria Theatre group is proposing the renovation of 825 University into a community music venue at the Victoria station.
- 700 Raymond is being developed into creative loft offices at the Raymond Station.
Yes we need to make sure that the light rail is built in a way that minimizes problems to those along the construction route. But we also need all sides to focus on the great opportunity this presents as the Midway's own stimulus package.