U.S. DOT confirms $300 million for Denver Union Station redevelopment
U.S. Transportation Secretary
Ray LaHood said that the Denver Union Station project will receive just over
$300 million in federal loans through an unprecedented and historic innovative
financing arrangement using the Department of Transportation’s Railroad Rehabilitation
and Improvement Financing (RRIF) Program and the Transportation Infrastructure
Finance and Innovation Act (TIFIA) Program. The project is funded with a unique
financing structure and for the first time combines credit assistance from both
programs.
