This past Monday night, the Charlotte City Council voted to allow the city manager to begin negotiating with state and federal leaders for the right-of-way land to be used to connect Charlotte’s historic new Gateway Station.
The massive new terminal would become a sort of Grand Central Station for Charlotte, combining passenger train traffic with the light rail, street car and city bus systems in the heart of Uptown Charlotte.
The city also wants to see a variety of mixed-use development fill in around the new station. “It will unlock lots of private investment, it will shape that investment to create a walkable zone around this station.” commented Michael Smith of Charlotte Center City Partners.
The project is almost 20 years in the works. The city first assembled about 20 acres of land around West Trade St. and Graham St. for the massive new development back in 1998. Since then, we’ve seen several major milestones in the development, including the architectural designs and renderings of the complex, and the securing of a $30 million federal grant for it’s development.
To-date, CATS has gathered $111.75 million in pledges for the new station, including the $30 million federal grant, $48.75 million from the N.C. DOT, and $33 million from the city of Charlotte’s capitol budget. The total cost of development is now estimated to be between $150-200 million.
City leaders would like to see the Gateway Station open by 2024…if they are able to find the rest of the financing and secure the remaining approvals.
What do you think about the new Gateway Station?