The RTD wants the station to serve as the hub for what is known an intermodal transportation center. It would be a jumping off point for light rail, commuter train service, express buses and other modes of transportation.
One of the reasons the potential price tag is so much higher than originally anticipated is that station owners hold title to 18.5 acres surrounding the site, where they have the zoning to build a high-rise condominium project. Some new condo projects in LoDo are selling for more than $400 per sf.
Two separate appraisers will be hired to come up with a value for the station. It is owned by the Trillium Corp. of Bellingham, WA; Union Pacific Railroad; and Denver investor Pat Broe.
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