Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Winning move for investment into equity MF: Go for funds with lower probability of loss if you are a conservative investor
    • Buying gold every year on Diwali is like an SIP: Don’t overinvest and stick to asset allocation
    • Crypto’s Weekend Wipeout Exposes a Glaring Flaw in Wall Street’s Bitcoin ETFs
    • Family Homes Funds, TETFund, & Private Investors Champion National PPP Initiative Under Renewed Hope
    • Live updates: Trump administration latest as government shutdown drags on
    • Retiring in Spain? Property could be your best investment. « Euro Weekly News
    • Prediction: These Relentless ETFs Will Beat the S&P 500 Again in 2026
    • CT nonprofit joins V Foundation to raise funds for research
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Funds»Rochester receives $84.92 million in federal funds for rapid transit – Post Bulletin
    Funds

    Rochester receives $84.92 million in federal funds for rapid transit – Post Bulletin

    October 25, 2024


    ROCHESTER — Construction of Rochester’s

    Link Bus Rapid Transit project

    received the fuel it needed Friday as a ceremonial $84.92 million check was provided by the Federal Transportation Administration.

    The check covers approximately 60% of costs associated with the project, which will provide a dedicated 2.8-mile bus route through downtown along Second Street Southwest.

    Deputy City Administrator Cindy Steinhauser said the federal funds for the $143.37 million project will actually be released as reimbursements to work as it continues.

    The remaining funds are expected to come from Destination Medical Center state funding, as well as related county transit funds committed as part of the DMC initiative.

    Friday’s celebratory check presentation, which included comments from local and federal officials, stems from a 2020 grant application for the project that will feature seven stations expected to see buses arrive every 5 minutes during peak commuter periods and every 10 minutes during other operating hours.

    Buses are expected to run from 5 a.m. to midnight on weekdays and 8 a.m. to midnight on weekends without a fare cost to passengers. People will be able to start or end a ride from any of the stations along the route.

    The estimated annual operating cost of the system featuring specialized buses is $5.42 million, with funding coming from state and federal transit funds and Mayo Clinic, which is expected to use the public system to end the need for employee shuttles.

    The system will include a

    “transit village” on the west end,

    where Mayo Clinic currently operates a shuttle parking lot along Second Street Southwest. The area is expected to include new commercial and residential construction, along with a Mayo Clinic employee parking structure.

    Heading east, buses will stop at 19th Avenue Southwest, Saint Marys Hospital, Sixth Avenue Southwest, Second Avenue Southwest and Mayo Civic Center before turning around at the route’s planned eastern endpoint near the intersection of Third Avenue Southeast and Sixth Street. The same stops will be made heading west.

    “Travel time for a complete trip west to east, or east to west, is about 20 minutes on one ride,” Link project manager Steve Sampson Brown recently told the Rochester City Council.

    With multiple buses being used to ensure the timely stops are being made, the system will also create dedicated bus lanes on the route, with buses having priority at signal lights.

    The federal funding will support the construction of the new transit stations, as well as other infrastructure needed for the Link operations.

    The city is reviewing completed design plans and is currently working to acquire property needed for the project, with the potential for some access through eminent domain procedures.

    The Rochester City Council is expected to be asked on Nov. 4 to approve efforts to start seeking contractors for civil engineering, utility and architectural work needed to be completed, with the expectation that construction will start early next year.

    The Link Rapid Transit system is expected to be operational in November 2026, with an anticipated 11,000 daily rides being provided.

    Randy Petersen

    Randy Petersen joined the Post Bulletin in 2014 and became the local government reporter in 2017. An Elkton native, he’s worked for a variety of Midwest papers as reporter, photographer and editor since graduating from Winona State University in 1996. Readers can reach Randy at 507-285-7709 or rpetersen@postbulletin.com.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Family Homes Funds, TETFund, & Private Investors Champion National PPP Initiative Under Renewed Hope

    October 12, 2025

    Live updates: Trump administration latest as government shutdown drags on

    October 12, 2025

    CT nonprofit joins V Foundation to raise funds for research

    October 12, 2025
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    Winning move for investment into equity MF: Go for funds with lower probability of loss if you are a conservative investor

    October 13, 2025

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023
    Don't Miss
    Mutual Funds

    Winning move for investment into equity MF: Go for funds with lower probability of loss if you are a conservative investor

    October 13, 2025

    It has been a challenging year for equity mutual funds. Despite their inherent advantage of…

    Buying gold every year on Diwali is like an SIP: Don’t overinvest and stick to asset allocation

    October 12, 2025

    Crypto’s Weekend Wipeout Exposes a Glaring Flaw in Wall Street’s Bitcoin ETFs

    October 12, 2025

    Family Homes Funds, TETFund, & Private Investors Champion National PPP Initiative Under Renewed Hope

    October 12, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Edelweiss Mutual Fund launches India’s first internet economy index fund

    April 24, 2025

    Lone Star Funds annonce l’achat d’un hôtel de 175 chambres à Yokohama

    April 22, 2025

    Measure W: Whittier City School District facilities bond

    October 17, 2024
    Our Picks

    Winning move for investment into equity MF: Go for funds with lower probability of loss if you are a conservative investor

    October 13, 2025

    Buying gold every year on Diwali is like an SIP: Don’t overinvest and stick to asset allocation

    October 12, 2025

    Crypto’s Weekend Wipeout Exposes a Glaring Flaw in Wall Street’s Bitcoin ETFs

    October 12, 2025
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹10,000 monthly SIP in this mutual fund has grown to ₹1.52 crore in 22 years

    September 17, 2025
    © 2025 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.