| Project Update
Congress Appropriates $6 Million for the Euclid Corridor
Congress has approved $6 million for the Euclid Corridor Transportation Project in its appropriations bill for the remainder of Federal Fiscal Year 2003. The Federal Transit Administration will distribute the funds.
Instrumental in obtaining the key financing were Ohio's United States Senators George V. Voinovich and Mike DeWine and U.S. Representative Stephanie Tubbs Jones.
"This appropriation is very important and encouraging," says George F. Dixon III, president of the RTA Board of Trustees. "It is a signal from Congress and the FTA that they are firmly behind this critical Project. While it has been a long and hard road, there is light at the end of tunnel. The bottom line is that the Euclid Corridor Transportation Project is a reality."
"The review process becomes more stringent every step of the way, as the competition for limited federal funds intensifies," says Joseph A. Calabrese, CEO and General Manager of the RTA. "This Project continues to be RTA's top enhancement priority, as well as one of our region's top development priorities."
While cost of the Project is anticipated at $246 million, periodic appropriations from Congress are necessary for the Project's continuation. The RTA is seeking to apply for a Full Funding Grant Agreement (FFGA) award to secure remaining funds once final designs are advanced to 60% completion. A FFGA commits the FTA to the remaining balance of New Starts funding to complete the Project.
Letters of Support for the FFY 2004 funding request were sent by Cuyahoga County Commissioners Jimmy Dimora, Peter Lawson Jones, Tim McCormack and the following:
Thomas Adler, managing partner, NewGar Ltd.; Paul W. Allison, vice president-northern region, The Illuminating Company; Dennis R. Burnside, managing director, Colliers International; Joseph A. Calabrese, CEO, general manager, Greater Cleveland RTA; Alan H. Channing, president, St. Vincent Charity Hospital; David A. Daberko, chairman, National City Corporation; Malcolm Donley, president, Donley Inc.; Dennis E. Eckart, president and CEO, Growth Association; Art J. Falco, president, Playhouse Square Foundation; David Goldberg, co-chairman, Ohio Savings Bank; Oliver C. Henkel, Jr., partner, Thompson Hine; John F. Herrick, chairman, Cleveland Theater District Development Corp.; Robert G. Jones, CEO, McDonald Investments; Mary Ann Jorgenson, partner, Squire Sanders; Daniel E. Klimas, president, Northern Ohio region, Huntington Bank; Stephen J. Knerly, Jr., managing partner, Hahn Loeser & Parks; Gregory L. Kosch, executive vice president, Fifth Third Bank; Allan C. Krulak, vice president-director of community relations, Forest City Enterprises; Dennis Lehman, executive vice president, Cleveland Indians; Robert M. Long, executive vice president, Plain Dealer Publishing Co.; Floyd D. Loop, M.D., chairman, board of governors, Cleveland Clinic Foundation; John N. Marcus, partner, Colonial Market Place; Richard D. Maron, principal, MRN Ltd.; Bruce A. McCrodden, senior vice president, National City Bank; Henry L. Meyer III, chairman & CEO, Key Corp.; Thomas Mignogna, downtown housing manager, City of Cleveland; Patrick S. Mullin, chairman, Downtown Cleveland Partnership; David Nolan, president, Convention & Visitors Bureau of Greater Cleveland; Zachary T. Paris, partner, Jones Day; Katharine L. Reid, director, Cleveland Museum of Art; Jonathan Sandvick, president, Historic Warehouse District Development Corp.; Michael Schwartz, president, Cleveland State University; Robert C. Smith, chairman, Greater Cleveland Growth Association; Howard A. Steindler, Benesch, Friedlander, Coplan & Arnoff; Terry Stewart, president, Rock & Roll Hall of Fame; Mark R. Stornes, CEO, Cavs/ Gund Arena Company; Karen A. Sweeney, vice president & general manager, Turner Construction; William N. West, president, Colliers International; Paul M. Voinovich, principal, Vocon Design, Inc., and Theodore T. Weldon III, senior vice president, Arcade, LLC.
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