4.6. SR 12-21-1998 - Laserfiche WebLink

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'ity of iver MEMORANDUM Item # 6.6. TO: FROM: DATE: Mayor and City Council Scott Harlicker, Planning Assista~ December 21, 1998 SUBJECT: Update on Northstar Corridor Project At the December l0th meeting of the Northstar Corridor Development Authority discussion centered on preliminary cost estimates and ridership forecasts. Preliminary Capital Costs Preliminary capital cost estimates are included in your packet of information. Capital costs include items such as: · vehicles · central facilities · terminal trackwork and layup facilities · Minneapolis CBD station · corridor segments Included under vehicles are locomotives and coaches. Included under central facilities are track work and incidentals, central shop and equipment, operations and control center, and property acquisition. Included in the terminal trackwork and layup facilities are the track and layup facilities and property acquisition. The Minneapolis CBD station includes just the costs associated with station construction. The final item included in capital costs are the various corridor segments. The corridor between Minneapolis and East St. Cloud was divided into different segments based on the distance between stations. For instance, the corridor between Elk River and Big Lake was segment F and the corridor between Anoka/Ramsey and Elk River was segment E. The costs for each of the segments varied because of the different track improvements and system upgrades needed. Different parking requirements for the stations, site development and property acquisition costs also affected segment totals. 13065 Orono Parkway · P.O. Box 490 · Elk River, MN 55330 · TDD & Phone: (612) 441-7420 · Fax: (612) 441-7425