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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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