CU News Insight: RTD Agreement
The RTD Board of Directors unanimously approved the agreement Tuesday night. We at CU have been talking with RTD about the partnership for several months before reaching an agreement. CU will pay $5 million over five years for the naming rights. We are sharing the cost among our campuses and the CU Office of the President. The vast majority of funding comes from initiative funds, which are interest earnings on CU investments used at the president's discretion. Tuition dollars, state funding or donor dollars will not be diverted to the initiative.
The University of Colorado A Line to DIA will serve an estimated 10 million riders annually. They include Coloradans traveling to and from DIA, as well as national and international visitors. The Flatiron Flyer will serve faculty, staff, students and visitors to our CU-Boulder campus.
We are excited to partner with RTD on this initiative. It brings together the state's leading public higher education institution with the crown jewel of the largest and newest public transportation project in the United States.