PORT OF LOS ANGELES : Track to Be Bought for Alameda Corridor
Port officials are completing deals with three railroad companies to buy about 40 miles of track and right-of-way property for the Alameda Corridor project.
The property, which belongs to Union Pacific Railroad, Southern Pacific Transportation, and Atchison, Topeka and Santa Fe Railway, will cost $312 million.
The Los Angeles Harbor Commission agreed to the purchase at a board meeting last week. The Port of Long Beach, which under the deal would pay half the costs, and the Los Angeles City Council are expected to approve the deal by Dec. 22, said Winston Tyler, the senior assistant city attorney in Los Angeles.
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