The Metropolitan Council on Wednesday formally approved a $1.5 billion cost estimate and updated plans for the light-rail line linking downtown Minneapolis to the northern suburbs, sending the project to Hennepin County and five corridor cities for their approval.
The council approved a list of last-minute additions, including a park-and-ride lot at the Golden Valley Road Station and a rebuilt intersection at Theodore Wirth Parkway and Golden Valley Road that includes trail connections.
The latest estimate, which works out to $1.496 billion, is a nudge above the $1.488 billion reported in October when a Met Council advisory committee learned that the price tag for the 13-mile line had gone up by nearly 50 percent from the initial estimate of $1 billion.
The Bottineau Blue Line extension would run between Target Field in downtown Minneapolis to Brooklyn Park. Other cities along the route are Golden Valley, Robbinsdale and Crystal.
Those cities and the county have until March 4 to approve the preliminary plan, according to state law. The goal is to have the light-rail line running by 2021.
Dan Soler, the project's director, stressed at Wednesday's meeting that the new $1.5 billion figure is still an estimate, not a budget. The cost could fluctuate as more of the project's engineering is completed, he said.
"There is just 15 percent engineering done and a lot of unknowns. … The hope is it won't change significantly," Soler said.
The Met Council still must secure funding. Currently, the Federal Transit Administration is expected to pay 49 percent and the Counties Transit Improvement Board, 31 percent. Hennepin County and the state would split the 20 percent balance.