The City of Orlando is entering into an agreement with Lincoln Church Street, LLC (Lincoln), for construction of a new SunRail Station on Lincoln Property, located south of Church Street, north of W. South Street, and east of Garland Avenue. On June 16, 2015, Lincoln obtained City approval to develop a portion of the property with a 25-story building consisting of 180 hotel rooms, 206,600 sf of office space, and +/- 8,200 sf of ground floor retail space, known as Phase-I Project. Lincoln further intends to redevelop the Church Street Ballroom as Phase-II Project, for which the development program has yet to be finalized.
With the development of the two-phased project, Lincoln agreed to construct a commuter rail station along the westerly line of the Lincoln Property, located in both Phase-I Project and Phase-II Project, to serve the southbound rail line. Lincoln and FDOT will enter into an agreement to govern the design, construction and grant of easement for the station.
The City agrees to fund Lincoln's cost to construct the station, allowing full value of the impact fee credit-eligible spending on the new station construction. The relocation of this station serves the public with a safer and more convenient location by aligning the northbound and southbound platforms. City funds shall be utilized by Lincoln to pay the costs incurred for construction of the station, not to exceed $1,500,000.00. Payment to occur in three installments of $500,000.00, with the first installment on or after October 1, 2017, with Lincoln meeting approvals and project thresholds set by the City and FDOT, for the second and final installments. Lincoln agrees to have the station construction completed and easements conveyed by December 31, 2024.