Amtrak struck a deal this week to pay a real estate firm $505 million for control of D.C.’s Union Station, likely ending a dispute that might have been complicated by the Trump administration.
The agreement, filed in D.C. federal court late Thursday, must be approved by a judge. That final step would end a years-long legal fight, freeing Amtrak to proceed with planned renovations of the space. But the price tag is more than double what the rail agency had hoped to pay. Amtrak did not immediately respond to a request for comment; the real estate company Rexmark declined to comment.
The Union Station Redevelopment Corp., the nonprofit tasked by the federal government with managing the property and orchestrating its $10 billion expansion, said in a statement it was “pleased” by the settlement, saying it would enable them to focus on “the ongoing transformation of Union Station into a modern, world-class facility.”
Click here to read the rest of the article written by Rachel Weiner over at The Washington Post
