Saturday, December 3, 2011

RTD to get $18.6M from stimulus for Union Station project - Philadelphia Business Journal:

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million in federal stimulus fundxs for work at DenverUnion Station, the announced Wednesday. The grantg will help pay for design and constructionb at the historic train which is to be converted into a terminal for severao differenttransportation modes. RTD is carrying out the transit portion of the overal l UnionStation redevelopment. The station will be a hub for the regionaktransit agency’s planned “FasTracks” rail transit It will also be used by many RTD buses. The $18.6t million comes from a pool of $8.
4 billiomn for transit capital improvements authorized undef the American Recovery and Reinvestmengt Actof 2009, signed into law in Denveer by President Barack Obama on Feb. 17. “B y reinvesting in our nation’s transit we are making our communities more invigorating the local and putting America backto U.S. Transportation Secretary Ray LaHood said Wednesday ina statement. The total cost of redeveloping union stationj for transit is expected to cost about $478 million. RTD plans to pay about $208 million, with the balance coming from federal moneyu and otherlocal sources, Roger Sherman, chief operatinh officer at Denver lobbying firm CRL Associatew Inc.
and spokesman for the Denver Union StationbProject Authority, said in May. RTD separately is seekinv stimulus funds for a variety ofothet projects, including $17.1 million to purchase new fareboxew for the transit system’s bus fleet.

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