With public transit in crisis, RTD leadership eager for Pete Buttigieg to be Biden s transportation secretary | Focus on Denver
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A train leaves the Yale RTD station, Feb. 7, 2018.
During the height of Colorado’s stay-at-home order in April, a handful of Regional Transportation District staffers ventured out on a rather mundane-sounding mission: to count empty parking spaces.
Their goal was to discover just how many parking spots go unused at 86 housing developments near transit stations across the Denver metro area. Their findings, issued in a new report, show that 40 percent of parking spaces at market-rate developments go unused at peak hours. That figure rose to 50 percent at affordable housing developments. It s just too much parking, said John Hersey, a senior transit-oriented development associate at RTD and co-author of the report.
Graham Street Realty Acquires First Industrial Property With Purchase in Aurora, Co
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DENVER, Dec. 14, 2020 /PRNewswire/ San Francisco-based commercial real estate investment firm Graham Street Realty (GSR) has acquired Commerce Square in the I-70 East Industrial submarket of the Denver-Aurora metro. The deal closed on December 3, 2020 for a purchase price of $16 million. The property is currently fully leased.
Commerce Square is located just south of I-70 in the Denver-Aurora metro area. The property has changed hands for the first time in twenty years. Graham Street is excited to move into the industrial sector with the acquisition of Commerce Square, said GSR Managing Principal David Messing. We were drawn to this asset in particular due to its functionality, infill location and long history of institutional ownership. Denver s light-industrial market has proven resilient in spite of the pandemic, and we believe it w
Rally Transcript:
Patrick J. Foye, Chairman and CEO, MTA:
My colleagues and I have come together again today to discuss an issue critical to our survival federal relief for mass transit.
I repeat, there will be no economic recovery regionally or nationally without significant investment in mass transit. This is not a red or blue issue. It’s a jobs issue. Mass transit systems across the country carried the United States throughout the pandemic, and we will carry it out of this crisis. The immediate need is this in order to ensure the health care workers, grocery workers, first responders and other essential personnel can continue to get to work and beat this pandemic, we need substantial federal funding now. If relief doesn’t come soon, these deep cuts at the MTA and other agencies will take effect and they will fall disproportionately on the backs of working people, low-income customers, people of color and low-income communities. We’re all following with intense interest o
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