United States Senator Lamar Alexander (R-Tenn.) announced Thursday a $12 million federal grant from the U.S. Department of Transportation which will help Memphians get to work, school and home on time.
“This$12 million federal grant will allow the City of Memphis to move forward withthe Memphis Innovation Corridor, which will help increase travel options forMemphians in low income and central city neighborhoods. This new corridor willmake it easier for Memphians to access their jobs, educational opportunitiesand more affordable housing,” Alexander said. “This is a highly competitivegrant program, and this $12 million grant to Memphis is a great compliment toour state and the City of Memphis’ leadership.”
Memphiswill receive a $12 million federal grant to begin construction on the MemphisInnovation Corridor. This funding will allow the City of Memphis and theMemphis Area Transit Authority to begin construction on a 8.25 mile Bus RapidTransit system from the Hudson Transit Center, through Downtown Memphis to theUniversity of Memphis. The system includes the construction of 28 new, hightech bus stations, and the purchase of nine new electric buses.
TheMemphis Innovation Corridor is a $74 million project that will link DowntownMemphis with Midtown, the Medical District and the University of Memphis. MayorJim Strickland, the Shelby County Board of Commissioners, County Mayor LeeHarris and the Memphis Area Transit Authority have been working diligently withprivate partners, such as FedEx, St. Jude’s Children Hospital, AutoZone, theGreater Memphis Chamber of Commerce, the University of Memphis, the Universityof Tennessee Health Science Center and Southwest Tennessee Community College tomake this project a reality.
Thefederal grant is part of the U.S. Department of Transportation Better UtilizingInvestments to Leverage Development (BUILD) program, which awards competitivegrants to communities in Tennessee and across the country to fund significanttransportation projects, including highways and bridges, public transportationsystems, passenger and freight railroads and port infrastructure.
TheBUILD grant program is funded by the Transportation, Housing and UrbanDevelopment Appropriations subcommittee, of which Alexander is a member. InFiscal Year 2019, the BUILD grant was federally funded at $900 million.