The price is definitely higher than we had anticipated, South Shore President Michael Noland said.
The railroad had expected four bids, he said. The two it received were from F.H. Paschen, S.N. Nielsen & Associates, and from a Walsh/Herzog Joint Venture. The Paschen bid was the lower of the two.
The Northern Indiana Commuter Transportation District board will now need to decide whether to accept the best bid or reject them in an effort to achieve a lower price.Â
Noland said the railroad, along with its advisers and the Federal Transit Administration, will review the proposals to find out where the bids were high and see if there s an opportunity to rebid.
RDA Seeking to Hire New President, CEO
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RDA Begins Search for New CEO
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The Northwest Indiana Regional Development Authority took the final steps Thursday to begin applying a $1.2 million federal grant to ongoing transit-oriented development planning efforts.
The RDA board approved a memorandum of understanding with the Northern Indiana Commuter Transportation District, operator of the South Shore Line, regarding the administration and local match for the grant. NICTD s board had approved the memorandum, which includes local funds of $270,000 from the RDA and $30,000 from NICTD, last week.
The $1.5 million will go toward planning for development around current and future railroad stations along the South Shore and West Lake Corridor. It was part of a total of nearly $23 million in TOD planning grants announced by the Federal Transit Administration last year.Â