Award of $985,000.00 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 Department of Transportation's Immediate Office of the Secretary awarded a $985,000 Cooperative Agreement under the Asset Concessions and Innovative Finance Assistance program (CFDA 20.945) to the Site Readiness For Good Job Funds in Cleveland, Ohio. The objective of the 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, including by assisting the awardee in entering into asset concessions. Specific activities to be performed include site readiness for the Good Jobs Cleveland program and the production of an asset concession report, quarterly reports, and other deliverables. The intended beneficiaries are residents of the City of Cleveland and Cuyahoga County, especially in disadvantaged census tracts, as well as commuters and riders of the Healthline BRT system. The award has a performance period from January 6, 2025 to January 5, 2028.

Activities

Site readiness for good jobs cleveland program of existing assets. Deliverables/expected outcomes: asset concession report, quarterly reports, and deliverables.

Intended beneficiaries

Residents of city of cleveland and cuyahoga county (especially in disadvantaged census tracts), commuters and healthline BRT riders.