Upon completion in 2014, the new transit facilities handle more than 200,000 daily trips as the hub of 140 miles of new commuter rail, light rail, and bus rapid transit in Denver and the greater metropolitan region of the Front Range in Colorado. TCC addressed several financing, design, schedule environmental and coordination challenges to ensure that the project was delivered on budget and ahead of schedule. Furthermore, various federal and state grants were applied, for which approximately half will be paid by the transit organization’s regional sales tax and he balance by the City of Denver through a special Tax Increment Financing (TIF) district. TCC has worked with DUSPA to arrange over $300 million in federal loans, manage nearly $200 million in various grants, oversee federal eligibility and compliance requirements, and oversee the design/build team to construct the project within the budget and schedule. The $300 million in federal loans were comprised of two $150 million loans: (1) from the Transportation Infrastructure Finance and Innovation Act (TIFIA) Program and (2) from the Railroad Rehabilitation & Improvement Financing (RRIF) Program.
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