Award of $900,000.00 with the objective to facilitate and evaluate public-private partnerships in which the private sector partner could assume a greater role in project planning, development,…

The U.S. Department of Transportation (DOT) 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 the award is to facilitate and evaluate public-private partnerships in which the private sector could assume a greater role in transportation infrastructure planning, development, financing, construction, maintenance, and operation. 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 reports, and other project deliverables intended to benefit commuters in Central Ohio. The award period of performance is from December 16, 2024 to December 15, 2027.

Activities

Explore opportunities for equitable transit-oriented development at a unique asset in downtown columbus, ohio, the old central market site.

Expected outcomes

Asset concession report, quarterly reports, deliverables.

Intended beneficiaries

Commuters of central ohio.