ALEXANDRIA, VA – Earlier today during its regular meeting, Alexandria City Council approved a permit that will allow the construction of a southwest access pavilion at Potomac Yard Metrorail Station. The unanimous vote followed two years of public engagement concerning the station, which will be located at E. Glebe Road and Potomac Avenue.
The pavilion will be funded by a $50 million grant from the Commonwealth of Virginia. The grant is part of the incentive package for Amazon headquarters and Virginia Tech Innovation Campus.
The Potomac Yard Station, to be built on the Yellow and Blue Lines between the existing Braddock Road and Ronald Reagan Washington National Airport stations, will provide an extensive range of benefits for Alexandria and the surrounding community. This includes transportation within walking distance. The station is expected to create 26,000 jobs and generate billions of dollars in private sector investments in the coming years.
The $370 million station will be paid for with tax revenue from development in Potomac Yard over the next 40 years, Additional funding will be provided by the Northern Virginia Transportation Authority, a state grant, a special tax district in North and Central Potomac Yard, a low-interest loan from the Commonwealth Transportation Board, and significant developer contributions.
Completion of project is expected by the spring of 2022.
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