Recognizing that the new Central Corridor light rail line between the downtowns of Minneapolis and St. Paul will eliminate many parking places on University Avenue, St. Paul officials will offer forgivable loans to improve off-street parking lots.
Officials estimate nearly 85 percent of the on-street parking places on University Avenue will be lost to the light rail line, causing much concern for those living and working there.
This Neighborhood Commercial Parking Pilot Program, with an initial $600,000, should help business and property owners prepare for the changes light rail will bring, said Council Members Russ Stark and Melvin Carter III and Mayor Chris Coleman.
They hope businesses will begin work on this parking problem before construction begins. Applications for the funds will open in October.