In the short term those areas are going to be hurting... a lot of foreclosures are and will be go through there but over the long term it should be great for value. 169 is being upgraded, 610 will eventually go through to 94, and Target will be expanding their corporate campus. I was looking very heavily at several houses in Brooklyn Park, and made offers on a few. I settled on one just a mile up the road in Champlin but hadn't rulled out BP.
Good advice from Aaron. That's my take on that area as well. I've sold new construction up there as well as existing housing. My clients are well installed in their respective communities and feel very comfortable, if that's any indication of stability. There are no easy answers about market values and where they will be 6 months, a year, two years down the line as values seem to be a moving target these days. But, everyone I've sold to up there has been happy with their purchase.
Your questions is pretty broad; however, I would recommend sitting down with your realtor to discuss past, present, and future trends in "Oxbow Creek". He or She will have it at their finger-tips. If you are not working with an agent, please feel free to email.
Coldwell Banker Burnet