Banking on $400 million in federal stimulus funds to be announced by the Federal Railroad Administration in October, the Transbay Joint Powers Authority has modified construction plans for San Francisco’s Transbay Transit Terminal.

With a first phase originally scheduled to open in 2014 (retail, bus and park) and construction of its underground train station component (Caltrain and high-speed rail) to follow, the new plan calls for the pre-construction of an unfinished train station and a late 2015 opening for the above ground portions of the terminal.

The Caltrain Station at Fourth and King street in San Francisco’s South of Market would be expanded to accommodate high-speed rail.

This is very exciting news for San Francisco and our cities economy!