Alexandria receives $50M state loan for Potomac Yard Metro station
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Alexandria will receive a $50 million loan from the Virginia Transportation Infrastructure Bank to go toward the construction of a Metro station near Potomac Yard, the governor's office announced Wednesday.
With the estimated cost of an infill Potomac Yard station sitting somewhere between $209 million and $268 million, the loan will square away a sizable chunk of the upfront costs. The city has yet to determine the location of a new station near Potomac Yard, a northeastern section of the city that's been subject to massive redevelopment in recent years.
The area is expected to support 26,000 new jobs within a quarter of a mile and 13,000 new residents in a half-mile radius, according to a release from the governor's office.
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