RTD’s $143.8-million deal with BNSF locks down FasTracks property
Denver’s RTD has reached a
total $143.8-million agreement with BNSF that will move progress forward on two
FasTracks corridors to Arvada/Wheat Ridge and Westminster, Colo.,
according to a column by Kevin Flynn in InDenver Times. The
comprehensive agreement includes $102.7 million for the outright purchase of
railroad right-of-way for the Gold Line and several miles of the Northwest Rail
FasTracks corridors; a lump sum of $36.9 million in relocation funding for BNSF
to move and replace its facilities that are in the way of RTD’s projects; up to
$4 million in direct reimbursements of BNSF’s other costs for additional
construction or relocation that may occur incidental to the projects and
$200,000 for title insurance, closing costs and escrow fees.