RTD Votes to Start Talks on New Headquarters
- Share via
The Board of Directors of the Rapid Transit District, which pays nearly $200,000 a month rent for its Skid Row headquarters, voted this week to begin negotiations to build a new $30-million headquarters.
The board voted 7 to 0 during a closed session to authorize RTD officials to begin exclusive negotiations with Catellus Development Corp., a subsidiary of the Santa Fe Railway, to build the project east of Union Station on a site owned by the RTD and Santa Fe.
RTD Board President Nick Patsaouras said Catellus has 60 days to consummate the deal. The facility is expected to cost $30 million to $40 million to build.
RTD spokesman Greg Davy said the agency has been leasing a six-story building for its headquarters at 425 S. Main St. since 1979, and currently pays $195,199 a month to house about 1,000 employees.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
