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High-speed rail agency to help buy LA rail station

According to the Associated Press, the California High-Speed Rail Authority said Wednesday (January 19) it will put in more than $30 million toward the purchase of land in and around historic Union Station, a transportation hub in downtown Los Angeles that may one day connect three bullet train segments.

The money would help the county Metropolitan Transportation Authority buy a 38-acre parcel from its current owner, Denver-based real estate company ProLogis. The property includes Union Station — a designated landmark which serves passengers of Amtrak trains, Metrolink commuter trains, three MTA rail lines, and several bus services — rail tracks, office buildings, and undeveloped land.

Full story appears on the Bloomberg website.

Friday, January 21, 2011

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