Executive Summary

For over 300 years, the Capital Region of New York has repeatedly reflected innovation and national leadership in transportation. Its economic stature and prospects have been directly related to this role. In response to current challenges facing the region, the region has revested itself in its leadership role. The REVEST initiative has become, in the tradition of the Erie Canal and other historic investments, a transformational enterprise for the region and a model for the nation.

The REVEST initiative consists of nine coordinated elements, each with a specific role in enhancing economic health and livability in the Capital Region through investment in sustainable transportation. The nine elements reflect a uniquely complementary blend of local initiatives and regional policy. They are summarized below and located on the map on the following page.

REVEST Elements

	Location	Description	Lead Party	Total Cost	Amount Secured
1	Rensselaer	Amtrak station replacement	CDTA	$48.0 M	$32.5M
2	Schenectady	Western Gateway Transp Center	City	$15.5 M	$6.0M
3	Saratoga Springs	Amtrak station replacement	CDTA	$5.0 M	$2.9M
4	Renss. to Schenectady	Completion of funding package for phase 1 high speed rail / double tracking	NYSDOT	$14.0 M	$14.0M
5	Albany	Relocation of bus terminal in conjunction with development of an intermodal facility	City	$17.0 M	$17.0M
6	Albany/Renss.	Rehabilitation of Livingston Ave rail bridge; pedestrian accommodation; waterfront master planning in Albany and Rensselaer.	NYSDOT	$15.5 M	$15.0M
7	Saratoga Springs to Albany	Commuter rail demonstration project	CDTA	$10.65 M	$5.3M
8	Troy	South Troy Passenger Rail Facility	City	$1.0M	$0M
9	Saratoga Springs to North Creek	Scenic Train	CDTA	$8.5M	$4.0M
TOTAL				$135.15M	$96.7M