Plans to buy nearly 10 acres of land at 40 Prado Road in San Luis Obispo as a site for a local homeless shelter and transit facility now have the financial backing to move forward.
The San Luis Obispo Council of Governments (SLOCOG) and Regional Transit Authority (RTA) agreed to fund more than $1.5 million toward the purchase price, or 68 percent of it.
The city and county will provide the additional $715,000 allowing the Community Action Partnership of San Luis Obispo County (CAPSLO) to make the purchase.
SLOCOG's Executive Director Ron DeCarli says the recently approved funding really helped to speed up the purchase process.
"It's moving very quickly because the funding is now on hand I think from just about all parties," said DeCarli. "CAPSLO is now gathering local donations to match city and county funds, they've already received pledges over the amount they need."
The land could also be used one day to complete a Prado widening and Highway 101 interchange.