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

Denver RTD unveils its Flatiron Flyer BRT vehicle

The Flatiron Flyer buses, which were supplied by MCI and can carry 57 passengers each, are specially branded with a unique blue-and-sunrise-orange paint scheme designed by RTD and a U.S. 36 corridor stakeholder group.

Safe Fleet acquires Hadley's bus, motorcoach mirror product lines

The Hadley mirror business will remain in Elkhart, Ind., but will relocate from the Hadley site to its own production facility over the next few months. The management, engineering, customer service, administrative and production personnel of the Hadley mirror business will remain with the business and transition to Safe Fleet.

BusCon returns to Indy

Each year, more and more people look forward to BusCon as a chance to network, learn about new trends and technology, and gain the tools that are necessary to revitalize the way they tackle their own operations.

Project team wins award for N.Y. bus time displays

The countdown clocks were developed in part to address concerns about the overall accessibility of MTA’s Bus Time system, which sends wait-time information to riders via text message, a QR code scan, or over a web site.

Boston could benefit from more BRT, report says

The report argues that the city should be pushing for the “gold standard” of BRT. That would include a control station that monitors buses and ensures they come at well-spaced intervals and enclosed stops that shelter customers.

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 resource for managers of class 1-7 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