Bus

L.A. Metro to purchase Union Station

Posted on February 28, 2011

The Los Angeles County Metropolitan Transportation Authority (Metro) successfully negotiated the purchase of Los Angeles Union Station from Catellus Operating Limited Partnership for $75 million, a move that sets the stage for future expansion of the "last of the great railway stations" built in North America, according to the agency.

The direct purchase includes 38 acres of land and 5.9 million square-feet of entitlements that provide Metro the right to build on the property and draw lease revenues from both transit operators and businesses. Currently, the station is home to Amtrak, Metrolink, Metro Red and Purple Lines, Metro Gold Line, L.A. FlyAway, and numerous Metro and municipal bus lines serving Los Angeles County and beyond. The station is also home to several new retail businesses.

The purchase enables Metro to better meet the station's current and future transportation needs. Union Station has experienced a boom in the number of transit patrons and others who travel through it on a daily basis. Use of the station is expected to experience strong growth through a combination of factors, including planned construction of the Regional Connector transit project through downtown, the future Metro Silver Line express bus station on Patsaouras Transit Plaza, a growing retail presence and future high speed rail plans for Los Angeles, according to Metro.

Metro's negotiations with the seller began in November 2010. In the seller's interest to conduct an expedited sale, Metro will purchase the station independently. The California High Speed Rail Authority (CHSRA) has indicated an interest in partial ownership of the station as it continues efforts to bring high speed rail service to the region.

Following an expected April 2011 closing, Metro will review the station premises and plan for future transportation and development needs. Metro will evaluate, among others, potential efforts to add and improve pedestrian flow through Union Station, parking and bus capacity issues on Patsarouas Transit Plaza.

Built in 1939, Union Station is a nationally registered historic landmark.

View comments or post a comment on this story. (0 Comments)

More News

San Diego's MTS bus service gets $2M boost

The changes to approximately 60 bus routes were approved by the MTS Board of Directors at its meeting on Thursday.

METRO Magazine launching new transit bus event

TBX is designed to connect an influential group of public transportation bus operators with a select group of product and service suppliers for an exchange of information, ideas, and solutions.

Transportation's future, electric vehicles hot topics at BusCon 2017

The show featured nearly 135 exhibitors and close to 60 vehicles, ranging from transit buses to motorcoaches and cutaways to vans, as well as some of the latest technologies available to operators on the market today.

N.C.'s CATS adds 9 new MCI Commuter Coaches

The latest MCI additions to CATS fleet feature the newest clean-diesel engine technology for near-zero emissions and improved fuel economy.

Proterra bus sets world record, drives 1K-plus miles on single charge

The 40-foot Catalyst E2 max traveled 1,101.2 miles this month with 660 kWh of energy storage capacity at the Navistar Proving Grounds in New Carlisle, Ind.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close