🚂 SEPTA's board of directors voted on Thursday to move forward with the acquisition of 70 sites to make way for its proposed King of Prussia Rail Line project. Here’s the latest from the estimated $2 billion project:
SEPTA's board of directors voted on Thursday to move forward with the acquisition of 70 sites to make way for its proposed King of Prussia Rail Line project, theThe 70 sites are located on or around the rail line's proposed path and would allow the transportation agency to build out the rail line itself, as well as associated train stations and parking facilities. The project is estimated to cost $2 billion.
The next step in the process includes appraising the properties, determining fair market value and making offers for the land. In a Final Environmental Impact Statement completed in January 2021, SEPTA said that 54 partial parcels and 13 full parcels were targets for permanent acquisition. Of those, nine were categorized as residential, 44 as commercial and 14 as"other."
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