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FTA awards grant for TOD plan along proposed TriMet light-rail route

(Source: Progressive Railroading 08/05/2020) The Federal Transit Administration (FTA) awarded the SW Equity Coalition a $1.2 million grant to fund transit-oriented development (TOD) along a proposed light-rail route in Portland, Oregon’s Southwest Corridor.  The grant was awarded as part of the FTA’s Pilot Program for Transit-Oriented Development Planning.  The funding will allow the coalition to take actions to address…

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L.A.-Vegas high-speed rail line obtains additional funding

(Source: Progressive Railroading 08/05/2020) XpressWest, a proposed project to construct a high-speed rail line that would operate between Southern California and Las Vegas, has been awarded $200 million in private activity bonds from the Nevada State Board of Finance, a business newsletter reported yesterday. The Nevada award comes after a California committee, overseen by California Treasurer…

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