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Metro buys LA Union Station for $75M

People walking at Union Station in downtown Los Angeles.

February 25, 2011 12:00:00 AM PST
Los Angeles' Union Station is about to get a big makeover. Metro announced it is buying the historical landmark for $75 million.

The agency plans to turn the 1939 building into a "21st century transportation hub."

They will expand the retail area, and there are plans to have high-speed trains arrive there.

Metro said the Regional Connector transit project and Silver Line express bus station will bring a surge of passengers to the area.

Revenue generated by the increased traffic will pay for a chunk of the purchase price.