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 U.S. Department of Transportation awarded the City of Evanston a $985,000 Cooperative Agreement under the Asset Concessions and Innovative Finance Assistance program (CFDA 20.945). The objective of this grant 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 City of Evanston in entering into asset concessions. The grant funds will support the City's capacity building efforts for transit-oriented development, including producing an asset concession report, quarterly reports, and other deliverables. The period of performance for this award is from February 3, 2025 to February 2, 2028.

Activities

City of evanston asset concession capacity building to support transit-oriented development. Deliverables/expected outcomes: asset concession report, quarterly reports, and deliverables.

Intended beneficiaries

Commuters and residents of evanston