Posted Dec 14, 2009, 11:47 AM
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Midwest Moderator - Editor
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Join Date: Jan 2002
Location: Big Mitten
Posts: 31,745
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The bill passed, so this is now official:
Quote:
Detroit light rail plan gets boost
Tom Greenwood / The Detroit News
Detroit is taking a giant step forward in its quest for a light rail system on Woodward with Sunday's U.S. Senate's approval of President Barack Obama's $1 trillion omnibus spending bill.
A provision in the bill allows a $125 million private investment in the rail system to be used as matching funds by the city when it eventually builds its portion of the $425 million project.
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Under the current plan, private investors would build the first segment, a 3.4-mile stretch with 12 stops.
Eventually, the city would build a second leg, which would run from Grand Boulevard to Eight Mile.
The federal government would pay for 60 percent of the project, with Detroit funding the remainder.
tgreenwood@detnews.com (313) 222-2023
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