| Name |
Reno Transportation Rail Access
Corridor (ReTRAC) |
| Location |
Reno, Nevada |
| Mode |
Rail (Freight) with Automobile
Street Bridge Crossings |
| Description |
Construction of a 2.25 mile below
grade transportation corridor
through downtown Reno, including:
two mainline rail
freight tracks in trench
adjacent access
road in trench
replacement of 10
at grade crossings with
bridges
construction of
one new bridge
|
| Sponsor |
City of Reno |
| Cost |
$264 million in year 2003 |
| Type
of Finance |
$113.2 million municipal
bond issue
$73.5 million TIFIA
direct loan
$81.3 million cash,
grants, or investment
income |
| Revenue
Sources |
Union Pacific lease
income, transfer of
real property, paying
for the cost of the
shoofly (temporary
tracks) and mainline
track and track support
structures, engineering
and construction
Downtown assessment district
Hotel room tax
Sales tax
|
| Project Delivery
/ Contract Method |
Design
Build |
| Private Investor
Partner |
Union
Pacific Railroad |
| Project
Advisors |
O'Melveny and Meyers
Nossaman, Guthner,
Knox & Elliott, LLP
Manatt, Phelps & Phillips
MADCON Consultation Services
Goldman, Sachs & Co. |
| Lenders |
TIFIA program |
| Physical
Status |
FHWA Record of
Decision: February
23, 2001
Release date
of RFP to four
Shortlisted D-B
Teams: January
16, 2002
D-B Proposal
Due Date: May
16, 2002
Anticipated Award
of D-B Contract:
July 16, 2002
Server mainline
tracks and take
Possession of
UP assets currently
being held in
escrow: January
2004
Scheduled completion:
2006
|
| Financial
Status |
Ordinance to sell bonds
passed on April 23,
2002 |
| Innovations |
Project funding proposed as public/private
partnership |
| Related
Links / Articles |
City
of Reno ReTRAC Information
Site
Online
Project Library - project plans,
documents and studies |
| Contacts |
Steve Varela
Public Works Director, City of Reno
Tel:(775) 334-2215
varelas@ci.reno.nv.us
City of Reno
PO Box 1900
Reno, NV 89505
|
| Last Review/Update |
City of Reno, January 2004 |
