Anniversary marks five years of transportation-oriented economic growth
The Southeast Business Partnership (SEBP), The South I-25 Urban Corridor Transportation Management Association (TMA), along with The Regional Transportation District (RTD) and others, marked the five- year anniversary of the completion of the Transportation Expansion (T-REX) Project on November 16, 2011. Speakers at the Arapahoe Station celebrated the anniversary by praising the project for bringing increased economic development and jobs to the region and called on the community to support plans to complete RTD's future rail lines.
"Without a 21st Century transportation infrastructure, Colorado cannot be a competitive player in the global economy," said Mike Fitzgerald, SEBP President and CEO. "Making the investment to improve Denver's transportation network has proven to be a magnet for economic development, bringing residential, commercial and retail projects to fruition all within proximity to the T-REX Project. T-REX and the continued investment in transportation infrastructure will continue to place Colorado as a leader in the global market."
SEBP partnered with RTD and state and local leaders to draw attention to the five-year anniversary and the need for future support for completing RTD's FasTracks program. Speaking at the event, Fitzgerald said that completion of the transportation network that expanded through T-REX will only prove to make the South Denver Metro Region more attractive to potential investors and entrepreneurs who are seeking to relocate, build or expand their business.
"T-REX transformed the way people commute, companies conduct business and communities will plan for the future," said Greenwood Village Mayor Ron Rakowsky. "The advent of light rail in our Village has shaped the character of our city along the I-25 Corridor and laid groundwork for the building of special places like our Village Center. We have accomplished great things as a result of T-REX, but the best is yet to come."
"The 5th Anniversary is an opportunity to celebrate the great partnerships and friendships that were created because of the T-REX project, said Lee Kemp, Chairman of RTD Board of Directors. The Southeast Rail Line has proven that public transportation can influence areas by increasing economic development, creating jobs and transit oriented communities. We look forward to growing our partnerships around the District as we build out RTD's FasTracks program."
The Transportation Expansion Project, referred to as T-REX, was a $1.7 billion transportation investment between Downtown Denver and the Denver Tech Center. The project added an additional lane in each direction along 17 miles of I-25 between Broadway and Lincoln Avenue in Douglas County and built 19 miles of double-track light rail. The expansion was finished 22 months ahead of schedule and under budget, and is considered to have greatly improved transportation options for commuters in the Denver area. SEBP remains a key backer of the T-REX Project and supports future transportation improvements across the Denver Region.