News: Brokerage

Gov. Cuomo celebrates completion of Rochester Intermodal Station: $44.3 million project

Rochester, NY Governor Andrew Cuomo and congresswoman Louise Slaughter joined Amtrak officials to open the new, $44.3 million Rochester Intermodal Station to passenger service. The new station will speed up travel with expanded track service, streamline operations with a modern concourse and baggage handling system, and improve the overall passenger experience with enhanced accessibility, retail amenities and a larger building inspired by the aesthetics and architecture of the historic Bragdon Station, which once stood on the same site.   

“This magnificent new train station will be the front door to the Finger Lakes, improving rail travel, enhancing passenger and commercial rail service while supporting tourism and regional economic growth,” governor Cuomo said. “By working together with Congresswoman Slaughter and other leaders, we have built a new Rochester Station, a gateway for the region and another significant success in our efforts to modernize transportation infrastructure across the state.”

Congresswoman Louise Slaughter said, “This is a truly important day for Rochester and our region. It was seven years ago this month that I secured the first of several rounds of federal funding for this new station. Along the way, there were many meetings with stakeholders and constituents as the design took shape and construction began. I’m so proud to join governor Cuomo today to finally cut the ribbon on our new Americans with Disabilities Act-compliant station, which will get wheelchairs and strollers easily on board. This station was built by local companies and local workers. It will improve safety, strengthen our economy, and give passengers the welcome to our great city that they deserve. It recognizes Rochester’s past with inspiration from own Claude Bragdon while looking toward the future.”

The station, which was turned over to Amtrak to own and operate, replaces the “temporary” station that had served the region for 36 years.  The design of the new station is reminiscent of the Bragdon Station, which was built on the site of the new station in 1914 and demolished in 1965.

At 9,500 s/f, the new station is larger than the 7,200 s/f former station. Operationally, the new Rochester Station improves train service and reduces travel delays. It features two new dedicated passenger tracks. The former station had only one platform track, which passenger and freight trains shared. The new station also has a two-sided, high-level passenger platform, which makes it easier for passengers to get on and off trains. 

Funding for the project includes $23.4 million from the State Department of Transportation and $20.4 million in federal funding, including a $15 million grant from the Federal Railroad Administration through the Transportation Investment Generating Economic Recovery Program, which was secured by congresswoman Slaughter. The city contributed $500,000. Amtrak contributed to the new Passenger Information Display System at the station.  

Retail space will include a Taste NY kiosk featuring locally made grab-and-go food and beverages. Downstairs, the concourse features an LED cube television system highlighting the Finger Lakes and other New York State attractions. 

The station also has a more efficient system of handling the more than 40,000 pieces of luggage that travel through there annually. To the right of the new ticketing window, Amtrak has a secure counter to accept checked luggage. Baggage is transferred to trains through a newly constructed access tunnel to the new platform. The station also has a new, more reliable baggage cart.

The exterior of the station features a canopy over the front entrance capped by a four-foot-diameter clock set into the arched building facade above. 

In addition, bicycle and pedestrian access to the station has been improved with new sidewalks, lighting and bicycle racks. Station parking has been reconfigured to improve accessibility and allow commercial bus operations to be linked to the station in the future.

CSX Transportation also contributed to the station project, preparing the site for station construction, including relocating live signal wires to make room for the new platform, concourse, and additional tracks. CSX also removed signal poles that were no longer in use, clearing additional space for station construction.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,
Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

When owners are due for a significant Property Improvement Plan (PIP), they must carefully evaluate what the best course of action is. Over the past five years, major hotel brands have become significantly more flexible with their PIP schedules.
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking