Wednesday, August 4, 2010 - 07:14
Denver completes milestone in FasTracks transit expansion
Deal to acquire property from Union Pacific will make three new lines possible
Officials from the Denver Regional Transportation District (RTD) and the Union Pacific (UP) Railroad will hold a brief signing ceremony today at 3 p.m. to finalize agreements for RTD’s purchase of railroad property necessary for the FasTracks transit expansion program.
These agreements total $78 million and mark another major milestone for the FasTracks program, providing property needed to build the East Corridor (from Denver Union Station to Airport Boulevard), the Gold Line (from Pecos Junction to Ralston Road) and the West Corridor (the Burnham Yard Lead).
This is the second property transaction between RTD and UP for FasTracks. The first transaction, which totaled $118 million to purchase the right-of-way to build the North Metro Corridor, occurred in 2009.
RTD
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