As the redevelopment of the 55 acres along Homer Adams Parkway from golf course to mixed-use development continues, one of the stakeholders has officially climbed on-board with its monetary contribution. Madison County Transit has agreed to kick in up to 50% the local funds required, which could be anywhere from $500,000 to $1-million. MCT will construct a bus transfer station on the property adjacent to the High Speed Rail station.
Jerry Kane, Managing Director of Madison County Transit, says greatly increased ridership between St. Louis and Chicago is predicted once the higher-speed trains start running.
Click here for Kane's comments
The property is being prepped for the construction of a new multi-modal transportation center than includes a high speed rail station and Madison County Transit bus station, and limited commercial and residential development. A $13.85-million TIGER Grant from the U.S. Department of Transportation was awarded to the project in 2011.