The U.S. Department of Transportation's Immediate Office of the Secretary awarded a $900,000 Cooperative Agreement under the Asset Concessions and Innovative Finance Assistance program (CFDA 20.945) to the Central Ohio Transit Authority (COTA). The purpose of this award is to facilitate and evaluate public-private partnerships in which the private sector could assume a greater role in project planning, development, financing, construction, maintenance, and operation of transportation assets. Specifically, COTA will explore opportunities for equitable transit-oriented development at the Old Central Market site in downtown Columbus, Ohio. Expected outcomes include an asset concession report, quarterly progress reports, and other project deliverables. The award period runs from December 16, 2024 to December 15, 2027.
Generated 3/4/25, 7:56 AM