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METROLINK AND CATELLUS DEVELOPMENT CORP. ANNOUNCE PROPOSED AGREEMENT FOR JOINT DEVELOPMENT AND SHARED OPERATION COSTS AT UNION STATION

METROLINK AND CATELLUS DEVELOPMENT CORP. ANNOUNCE PROPOSED AGREEMENT

FOR JOINT DEVELOPMENT AND SHARED OPERATION COSTS AT UNION STATION
 LOS ANGELES, Oct. 30 /PRNewswire/ -- Representative of Metrolink, the new commuter rail service for Southern California and Catellus Development Corp., owner of Union Station, this morning announced that a proposed agreement has been reached related to sharing operation costs at Union Station. Union Station is critical as the terminus for Metrolink commuter trains arriving on the three routes from Moorpark, Santa Clarita and Pomona across the San Fernando and San Gabriel Valleys. This proposed agreement must be approved by both the Los Angeles County Transportation Commission and the Southern California Regional Rail Authority (SCRRA).
 Both parties characterized today's negotiations as, at times, difficult, but agreed that they were conducted in mutual good faith and resulted in a commitment to pursue long-term joint development of Union Station. Jacki Bacharach, chair of SCRRA, which developed Metrolink, said, "This proposed agreement assures the thousands of Metrolink commuters that they can continue to depend on this new transportation alternative to reach their downtown destinations from Union Station."
 Vernon Schwartz, president of Catellus Development Corp., said, "We are very pleased to have successfully concluded this one-year proposed agreement, which not only contributes to the early success of Metrolink, but also will lead to the development of a long-term plan which will make Union Station the transportation hub for Southern California."
 Both sides are committed to the continued success of Metrolink service. Neil Peterson, executive director of LACTC, said, "Both parties recognize that the thousands of daily Metrolink commuters are bringing new life into Union Station, which is a wonderful historic institution in our community. This proposed agreement ensures that we work together to revitalize Union Station and develop a joint development program for the future development of Union Station, similar to the tremendous success which has been achieved in revitalizing Union Station in Washington, D.C."
 -0- 10/30/92
 /CONTACT: Michael Bustamante, 213-244-6591, or Stephanie Brady, 213-244-6792, of LACTC Transportation News Bureau; or Mary Burczyk of Catellus Development, 415-974-4648/ CO: Los Angeles County Transportation Commission; Catellus
 Development Corp.; Southern California Regional Rail Authority ST: California IN: SU:


JB-JL -- LA031 -- 7287 10/30/92 16:26 EST
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Publication:PR Newswire
Date:Oct 30, 1992
Words:370
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