Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Can You Make Your Child A Nominee For Your Mutual Fund Investments? Here’s What You Need To Know
    • ‘SIP book growth may moderate in the next 1-2 years,’ Q&A with Vetri Subramaniam, MD & CEO, UTI Mutual Fund – Business News
    • FASB updates fair value reporting for mutual funds
    • 5 mutual funds bag five star rating: How Invesco, HSBC, Axis and ITI funds performed
    • ETFs Industry in Europe Reports Record Assets of US$ 3.97 Trillion and Record Year-to-Date Net Inflows of US$ 381.4 Billion at End of August 2026 according to new research report from ETFGI
    • Which ASX ETFs could be top picks for beginner investors?
    • Why Fixed-Income Titan Pimco Says It’s Time to Buy the Dip in Bonds
    • Is your mutual fund sitting on too much cash? Experts explain what the cash level actually tells you
    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

    Funds Europe Awards 2026: In-person judging commences

    September 9, 2026

    Pharma funds rally: How to pick right one based on portfolio, risk, costs | Personal Finance

    September 8, 2026

    The must-have funds fizzing with potential… if you’re willing to take the risk: JEFF PRESTRIDGE

    September 6, 2026
    Leave A Reply Cancel Reply

    Top Posts

    ETFs Industry in Europe Reports Record Assets of US$ 3.97 Trillion and Record Year-to-Date Net Inflows of US$ 381.4 Billion at End of August 2026 according to new research report from ETFGI

    September 9, 2026

    Which ASX ETFs could be top picks for beginner investors?

    September 9, 2026

    Can You Make Your Child A Nominee For Your Mutual Fund Investments? Here’s What You Need To Know

    September 10, 2026

    ‘SIP book growth may moderate in the next 1-2 years,’ Q&A with Vetri Subramaniam, MD & CEO, UTI Mutual Fund – Business News

    September 10, 2026
    Don't Miss
    Mutual Funds

    Can You Make Your Child A Nominee For Your Mutual Fund Investments? Here’s What You Need To Know

    September 10, 2026

    Mutual funds require investors to add a nominee to their account or opt out of…

    ‘SIP book growth may moderate in the next 1-2 years,’ Q&A with Vetri Subramaniam, MD & CEO, UTI Mutual Fund – Business News

    September 10, 2026

    FASB updates fair value reporting for mutual funds

    September 9, 2026

    5 mutual funds bag five star rating: How Invesco, HSBC, Axis and ITI funds performed

    September 9, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Depend on the security of the bond market – Twin Cities

    July 21, 2024

    3 Simple ETFs to Buy With $1,000 and Hold for a Lifetime

    April 27, 2026

    Political Compromise in Brussels – Funds for Hungary in Exchange for the 19th Sanctions Package Against Russia

    September 21, 2025
    Our Picks

    Can You Make Your Child A Nominee For Your Mutual Fund Investments? Here’s What You Need To Know

    September 10, 2026

    ‘SIP book growth may moderate in the next 1-2 years,’ Q&A with Vetri Subramaniam, MD & CEO, UTI Mutual Fund – Business News

    September 10, 2026

    FASB updates fair value reporting for mutual funds

    September 9, 2026
    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

    🇮🇸 CPP Investments and Equinix complete atNorth acquisition to support growth of leading Nordic data center platform

    September 1, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

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