RTD agrees to buy Union Pacific land

DENVER – The Regional Transportation District has agreed to pay Union Pacific Railroad $185 million for a package of property needed for the FasTracks commuter rail program.

The money is coming from the FasTracks budget, according to Scott Reed, the assistant general manager of public affairs for the transportation district, or RTD.

“This is something we planned for years, and we had budgeted for,” he said.

An additional $25 million will be spent by RTD on civil engineering projects on the purchased lands. RTD will use its own engineers and “outside engineering firms,” according to Reed.

RTD will acquire Union Pacific’s Boulder Industrial Lead…