The Minnesota legislature has specified that $100 million instate funding for the project will be rescinded if the federalagreement is not secured by Jan. 31. Contracts to build the lineand the rail cars have been signed contingent upon receipt of thefederal funds. In addition to the federal and state funding, theHiawatha project's overall budget includes money from HennepinCounty and the Metropolitan Airports Commission. The Met Councilwill own and operate the line.
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
*May exclude premium content
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.
