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Metro Purchasing Union Station for $75 Million

By Eric Richardson
Published: Thursday, February 24, 2011, at 01:22PM
Union Station Eric Richardson

The 1939 Union Station building (bottom left) is located just across the railroad tracks from Metro's headquarters at One Gateway Plaza (top right).

Metro today announced its intention to purchase Los Angeles' historic Union Station for $75 million. The deal, which follows four months of negotiations with the 1939 structure's current owners, includes 38 acres of land and 5.9 million square feet of development entitlements.

blogdowntown was first to report that the transit agency was likely considering the purchase back in December.

“As Southern California’s largest public transportation hub, Los Angeles Union Station is absolutely critical to the current and future mobility of our region,” said L.A. County Supervisor Don Knabe, Chairman of the Metro Board of Directors, in a statement following the board's vote of approval.

“Our purchase of this historic station will enable us to make the needed investments to enable this facility to accommodate greater increases in transit ridership resulting from Measure R transit projects and anticipated future arrival of high speed rail. We now have the ability to retain the historic nature of Union Station and prepare it to serve as a world-class 21st century transportation hub.”

Metro already owned the station's East Portal and its adjacent One Gateway Plaza headquarters. Not included in the purchase agreement are the Mozaic apartments, the Metropolitan Water District Headquarters building or the First 5 office building in front of the station on Alameda Street.

While the California High-Speed Rail project has expressed interest in owning part of the station, Metro will be completing the purchase on its own. The transit agency expects the sale deal to close in April.

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