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15 June 2012
No good news for Detroit LRT… yet
The supporters and private financiers of Detroit's on-again, off-again privately-funded 5.3km (3.3-mile) LRT project may have to wait a further 60 days for a federal verdict on funding for the proposed system.
US Transportation Secretary Ray LaHood met with the leaders of the M-1 Rail project and senior local officials on 4 June to discuss the Woodward Avenue light rail project, but raised a few concerns and asked the private consortium to report back in two months.
In its April feasibility report, M-1 Rail announced it has raised most of the USD137m needed for construction and pledged an 80% contribution towards annual operating costs until 2025, at which point it would be handed to a public entity.
Secretary LaHood made no commitment to fund the project with USD25m in federal grants, but said he wasn't ruling it out.
US Transportation Secretary Ray LaHood met with the leaders of the M-1 Rail project and senior local officials on 4 June to discuss the Woodward Avenue light rail project, but raised a few concerns and asked the private consortium to report back in two months.
In its April feasibility report, M-1 Rail announced it has raised most of the USD137m needed for construction and pledged an 80% contribution towards annual operating costs until 2025, at which point it would be handed to a public entity.
Secretary LaHood made no commitment to fund the project with USD25m in federal grants, but said he wasn't ruling it out.
