According to Transportation Secretary Ray LaHood, part of the $2.25 billion set aside for California's high-speed rail system includes the $400 million that was requested for Transbay Transit Center construction. That means the "last piece of financing" is in place to start bulldozing our worn friend at 1st and Mission, after which construction of the park-topped transit center should begin. All told, it's projected to cost $4 billion to put together. Still strangely sending hate vibes to the site, the California High-Speed Rail Authority — or specifically board member Quentin Kopp — says he believes they get to decide how to spend the grant, and that the Transbay site still needs to complete a year-and-a-half-long review of "alternatives" before it could get funding. Meanwhile, the announcement of federal funding has also juiced state officials on the construction schedule — if we want to keep the money, anyway, we'll have to start by September 2012 finish by September 2017.
· Transbay Terminal project gets stimulus funds [SFGate]
· Federal high-speed rail funding boost puts project on fast track in Bay Area, worrying some [IBA]
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