TriMet's Bold Move: Revitalizing Old Town with a Former Greyhound Terminal
TriMet is set to transform the former Greyhound terminal in Old Town, a prime location across from Union Station, into a state-of-the-art bus layover facility. This strategic acquisition, approved by the Metro’s Joint Policy Advisory Committee on Transportation (JPACT), marks a significant shift in TriMet's operations and urban development plans.
A Financial Shift for a Greener Future
TriMet's General Manager, Sam Desue, revealed a financial reallocation strategy at the JPACT meeting. Instead of investing in zero-emission buses, funds will be directed towards purchasing the Greyhound building, addressing the immediate need for additional layover space.
Desue emphasized, "Our current financial strategy reprioritizes these funds, allowing us to focus on our existing bus operations while maintaining our commitment to zero-emission buses for the future."
Transforming a Two-Acre Property
The two-acre property at 550 NW 6th Avenue will undergo a transformation. TriMet plans to convert the Greyhound terminal into a layover facility accommodating up to nine 60-foot buses. This move aims to enhance safety for operators and stimulate urban development in Old Town, aligning with TriMet's 2016 commitment to the City of Portland.
Addressing Layover Space Concerns
Currently, TriMet bus operators on the FX-2 Division Line rely on the transit mall on NW 5th and 6th avenues for layovers. The new facility will provide a safer, more controlled environment, eliminating the need for extended layovers on public streets.
Financial Details and Future Steps
The JPACT meeting authorized an amendment to the Metropolitan Transportation Improvement Program (MTIP), reallocating $4.1 million in federal funds and adding $7.9 million in a mix of federal and TriMet funds, totaling $12 million. This funding strategy ensures minimal investment from TriMet's general funds.
TriMet aims to finalize the purchase by summer, with the Board of Directors expected to vote on the acquisition at their January 28th meeting. This move showcases TriMet's commitment to efficient resource management and sustainable urban development, sparking discussions on the future of public transportation in Portland.
