LAFAYETTE, Ind. (WLFI) – Talks have begun with a Chicago company about the future of the Hoosier State passenger rail line. The Indiana Department of Transportation considered several proposals to improve the line which runs from Indianapolis to Chicago.
As News 18 has been reporting, federal funding for the Hoosier State Line ran out last year. Several communities, including Lafayette, West Lafayette and Tippecanoe County, are helping fund the service. Four companies submitted proposals to take over and improve the line.
It was announced Monday that INDOT has selected Corridor Capital LLC out of Chicago.
Arvid Olson with Greater Lafayette Commerce said the discussions with Corridor Capital about this changeover means Greater Lafayette is one step closer to keeping the line around.
“They looked at this in a matter of months and have moved at a very, very quick speed to say we want somebody better here. We want somebody with better ideas, and we want somebody to provide better, basic service and then improve upon it with fresh, new ideas,” said Olson.
The selection means discussions will start about funding and a contract will be drafted.
The original contract to keep the line running with help from the communities runs out on Oct. 1.