– Today U.S. Rep. Ed Perlmutter (CO-07) applauded passage of the INVEST in America Act in the U.S. House of Representatives, which reauthorizes surface transportation programs and includes nearly $19 million in funding for five critical transportation projects in Colorado’s 7th Congressional District as well as money RTD is owed for successfully paying off their federal loan to develop Denver’s Union Station. The INVEST in America Act helps advance infrastructure priorities from the House as Congress and the Biden administration work to develop a bipartisan infrastructure package. This legislation makes critical investments in our nation’s transportation and water systems at a time when our communities need it most.
“The INVEST in America Act will modernize and rebuild American infrastructure,” said Perlmutter. “By repairing and upgrading our communities from the ground up, we can create good-paying jobs, reduce congestion, improve safety, and improve the quality of life for millions of Americans. I’m glad to see my community is one of many that will benefit from these investments, with funding for several much-needed projects important to improving the safety and mobility of my neighbors and constituents.”
The projects requested by Perlmutter are across the district in Westminster, Wheat Ridge, Arvada, and Lakewood, and are geared toward reducing congestion, improving the safety of roadways, and enhancing regional connectivity for drivers, pedestrians, and cyclists. Specifically, the funding will go toward improving roadways and bike lanes on Federal Parkway; removing and replacing the I-70 Eastbound and Westbound bridges over 32nd Avenue; widening State Highway 72 (Indiana Street); improvements to Wadsworth Boulevard; and construction of sidewalks and pedestrian crossings to improve public safety along West Colfax Avenue.
The INVEST in America Act also includes $28.9 million, plus interest, to be returned to RTD for a deposit they made to secure a federal loan to redevelop Denver’s Union Station. In 2010, RTD received $155 million in DOT Railroad Rehabilitation and Improvement Financing for the Union Station project. The loan required a Credit Risk Premium deposit to cover the federal government’s risk as a lender. Despite RTD fully repaying the loan in 2017, DOT has not returned RTD’s $28.9 million deposit. Perlmutter, along with Senators Hickenlooper and Bennet have worked to secure legislation
to return RTD’s down payment.
The projects in the 7th Congressional District were requested by Rep. Perlmutter as Member Designated Projects. Click here
for additional information on each project request. Perlmutter requested funding for additional projects
in the 7th Congressional District as part of the Community Project Funding process.