Research Triangle Park, N.C. - The Triangle Transit Authority (TTA) now owns the former property of Dillon Supply Company in Downtown Raleigh. Earlier today, TTA paid Dillon Supply Company $9.825 million dollars for the property that that has housed the industrial and construction supplier since 1914.

In announcing the transaction, TTA General Manager John Claflin said, “this will provide riders with an excellent downtown location. We hope the station also will serve as a catalyst for additional economic development in downtown Raleigh.”

Dillon Supply Company has agreed to move from 216 S. West Street no later than February 2, 2006. The station will be one of 12 built by TTA as part of its 28-mile Regional Rail Transit System linking Durham, Research Triangle Park, Cary and Raleigh. With the acquisition of the 6.14 acres from Dillon Supply, TTA now owns 75 per cent of the land it needs for the downtown Raleigh rail station.

TTA is a regional public transportation provider, offering a wide variety of transit and vanpool services to North Carolina's greater Triangle Region and outlying counties. Bus service is available to Apex, Cary, Chapel Hill, Durham, Garner, RDU International Airport, RTP and Raleigh. The Triangle Transit Authority also provides commuter resources and hosts GoTriangle.org, the popular on-line resource for public transportation information in the Triangle.

TTA plans to implement a Regional Rail Transit System with 12 stations connecting Durham, RTP, Cary and Raleigh, with shuttles linking RDU International Airport and RTP. The rail transit system is expected to be operational in 2008. For more information, visit www.rideTTA.org or call (919) 549-9999.