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City plans feasibility study for transload facility, eyes up to $1 million DOT grant with no match
Summary
City grants staff said they will apply for up to $1,000,000 from the US DOT Innovative Finance and Asset Concessions program to fund a feasibility analysis for a transload facility at Pocatello Regional Airport; study would inform public-private partnership options and potential TIFIA financing.
Christine Howe, the city's grants manager, told the council the city plans to apply for a U.S. Department of Transportation Innovative Finance and Asset Concessions grant of up to $1,000,000 with no required local match to complete a comprehensive feasibility analysis for a transload facility at the Pocatello Regional Airport.
Howe said the award would fund market analysis, site feasibility, cost-benefit and revenue analyses, private-partner outreach and structuring needed to pursue a public-private partnership. The city built a task budget for the study that totaled about…
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