A recent headline in the
Wall Street Journal called
Denver Union Station financing as "test case" for for federal loan programs.
Excerpt:
Behind the scenes, Denver’s revamped Union Station transit hub is venturing into unfamiliar territory: It is among the first such projects to draw much of its financial backing from two little-known federal-loan programs aimed mostly at other forms of transportation such as freight rail and highways.
How Denver fares, including how quickly it repays the $301 million in loans with property-tax gains from the blocks surrounding the hub, is being monitored by other transit systems searching for additional funding.
The loans came from the Federal Railroad Administration’s Railroad Rehabilitation and Improvement Financing program, or RRIF, and the Transportation Department’s Transportation Infrastructure Finance and Innovation Act, or TIFIA.
Read the rest
here.
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