A new transitway along Lake Street or the Midtown Greenway in south Minneapolis could include buses, streetcars or a combination of both.

Metro Transit and Hennepin County are partnering with the City of Minneapolis to study the options and officials will present an update the Midtown Corridor Alternatives Analysis during open houses Wednesday and Thursday.

The analysis is being conducted to determine the benefits, costs and impacts of creating the transitway that would provide transportation between the Metro Blue Line on Hiawatha Avenue and the proposed Green Line extension west of Lake Calhoun. The Green Line extension has also been called the Southwest Light Rail line.

Some of the desired outcomes of the study are to increase transit use among corridor residents, improve regional mobility and local access to jobs and activities, and spur economic growth, information on Metro Transit's website says.

Project staff will talk about the service options under consideration along with their costs, projected ridership, travel times and proposed stations.

Meetings are from 6 to 8 p.m. Wednesday at Intermedia Arts, 2822 Lyndale Av. S., Minneapolis, and from 6 to 8 p.m. Thursday at the Colin Powell Center, 2924 4th Av. S., Minneapolis.