About the Project
The Southeast Rail Line, which opened in 2006, was part of the 2001-2006 Transportation Expansion Project or T-REX to widen Interstate 25. The extension project will add 2.3 miles to the current line. It encompasses three additional stations, including Kiss-n-Rides at Sky Ridge Avenue near Sky Ridge Medical Center and the future Lone Tree City Center, and a 1,300-slot Park-n-Ride at RidgeGate Parkway.
On July 15, 2014 the Regional Transportation District's Board of Directors approved a resolution that opened the way for the district to receive federal funding amounting to $92 million for the Southeast Rail Extension.
The entire construction project is estimated to cost $233.1 million. In addition to federal funding, this rail line extension has already received the go-ahead from municipalities, developers and business groups in the area - local stakeholders - who have committed $25 million in cash contributions and $3 million in right-of-way,
permits or in-kind contributions.
RTD's remaining investment in the construction -- after federal funds and monies committed by stakeholders -- will come to $66 million.
RTD applied for federal funds from the Federal New Starts program which is administered by the Federal Transit Administration. The first phase of project development was approved by FTA. In late summer 2014, RTD will apply to enter the engineering phase for the rail line extension. This is FTA's primary grant program to fund major transit capital investments.
Money from local stakeholders unprecedentedThe funding match from local stakeholders is unprecedented. It will comprise 12.5 percent of the project cost - far more than the 2.5 percent RTD has asked from its local partners. This is significant because the funds committed by local stakeholders will ensure that RTD can demonstrate the local funding necessary to continue in the
New Starts process.
The completion of the Southeast Rail Line Extension will serve a growing community in the next 20 years as the RidgeGate development is built out. The area, which is about a mile south of Park Meadows Mall, will be home to 3,500 acres that stretch across both sides of I-25. The development will include single-family homes, townhomes, luxury apartments, retail, dining, office centers, health care, recreation and open space.
When the extension is completed residents will be able to travel on one train from the RidgeGate station via the I-225 Rail Line through Aurora to Peoria Station and connect to the commuter train to Denver International Airport; or stay on one train and travel to Union Station in downtown Denver.
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