Federal government agrees to fund Blue Line extension
Published: October 17, 2012
Time posted: 11:31 am
CHARLOTTE — The federal government on Tuesday agreed to fund 50 percent of the $1.16 billion Blue Line light-rail extension, a project that would expand the system from uptown Charlotte to the University of North Carolina at Charlotte.
Peter Rogoff, administrator of the Federal Transit Administration, gave the city a funding agreement, officially committing to provide the last piece of financing needed to start construction of the 9.3-mile extension.
The city and North Carolina Department of Transportation are each funding 25 percent of the project’s costs.
The extension project includes 11 light-rail stations and four parking facilities.
Mayor Anthony Foxx said the extension is expected to create more than 7,000 jobs during the construction phase.