Search
 

State Buying 15 Acres Downtown for New Amtrak Station

CHARLOTTE-North Carolina has already spent $13 million and expects to pay $10 million more to private landowners for the Greyhound bus terminal site where the new five-platform structure will be built.

By Brian Falk | Updated on February 27, 2001

CHARLOTTE-North Carolina is paying top dollar to private landowners for 15 Downtown acres it needs to build a new ive-platform Amtrak station on West Trade Street. The state confirms it has already spent $13 million and expects to pay an additional $10 million for the Greyhound Bus terminal site where the new station will be built. The $23 million price equates to $1.53 million per acre or about $35.20 per sf.

A ground-breaking date hasn’t been set but the state hopes to have some trains running by 2003. Some of the funding is expected to come from the $12 billion Amtrak will borrow if it receives congressional approval for the upgrades, according to the state.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.