Amtrak reaches agreement on Niagara Falls station

[afigg]

Well, some good news. After a drawn negotiation process and some months after the new station was mostly completed, Amtrak has signed the lease agreement for the new Niagara Falls station.

Mass Transit Magazine: NY: Amtrak and Niagara Falls Reach Agreement on Train Station. Excerpts:

The Amtrak Train Station in Niagara Falls is finally official with the announcement on Wednesday that a lease agreement is in place.

The agreement comes four months after the public was invited to a "sneak peak" of the new $43 million station.

.....

The Niagara Falls Station is the first new station to open in New York State since Albany-Rensselaer opened in 2002.

The 20-year lease agreement will lease Amtrak 29,360 square feet of the station -- 63 percent of the entire building -- and Amtrak will pay 63 percent of the operating costs, including personnel and maintenance. These payments would be made on a quarterly basis.

Amtrak has also agreed to pay a one-time upfront fee of $50,000, which the city would hold to begin paying for their share of costs. The fee for Amtrak has been estimated at $172,000 a year, but DeSantis said they have no way of knowing the full costs. The 20-year lease has an option to extend the lease for two additional 20-year terms.

 

[neroden]

Great!

I should really get in touch with ESPA, we were thinking about organizing some sort of delegation with literature for the opening day. I've been so busy with medical stuff though.

 

[west point]

Waiting for a move date. Maybe after Thanksgiving ?