Minneapolis/St. Paul Business Journal
The Ramsey Country Regional Rail Authority, who is overseeing the project, initially asked for $140 million to further the project. The $35 million comes from the $1.5 billion Transportation Investment Generating Economic Recovery program. This grant program is part of the federal stimulus bill that the government passed in 2009.
The St. Paul Union Depot will connect the Central Cooridor light rail line with other modes of public transportation including the Metro Transit, Greyhound bus line and Amtrak.
Construction should start by the end of 2010. M.A. Mortenson Co. has been pegged to lead the project's development.
To read the full report in the Minneapolis/St. Paul Business Journal click here.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 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.
