MTD Grants for "The Yards"

In what appears to be an initial, but not decisive setback for "The Yards" project, the MTD was unable to secure one of the grants it was hoping to rely on for some of the funding. From the News-Gazette last Tuesday:

MTD spokeswoman Lisa Meid said the agency didn’t make the cut for a ‘5339’ grant from the Federal Transit Administration.

Meid said the MTD may hear soon whether it will be awarded a BUILD grant from the U.S. Department of Transportation. In both cases, the MTD asked for $25 million.

There’s also expected to be an unspecified amount of private funding for the estimated $200 million “Yards” project, which could include an expansion of the Illinois Terminal, parking decks, 100-plus apartments, another downtown hotel, convention space and an arena for a potential Illini Division I hockey team.

Full blurb here.