Detroit’s DDA pledges $9M to Woodward’s light-rail
Detroit’s Downtown Development Authority has voted to contribute $9 million to help build the 3.4-mile light-rail line running from Hart Plaza to New Center.Excerpt:A proposed light-rail transit system on Woodward Avenue got a major financial boost today when Detroit’s Downtown Development Authority voted to contribute $9 million to help build the route.In addition, Matt Cullen, the chief executive of the project known as M1-RAIL, told the DDA board that the Kresge Foundation was expected to approve a $35-million contribution to the project.The project has already raised about $30 million in private contributions from contributors including Quicken Loans founder Dan Gilbert, Compuware Corp. founder and chair Peter Karmanos Jr., and the Ilitch family of pizza, sports, and entertainment fame.Read the entire article here.
Detroit’s Downtown Development Authority has voted to contribute $9 million to help build the 3.4-mile light-rail line running from Hart Plaza to New Center.
Excerpt:
A proposed light-rail transit system on Woodward Avenue got a major
financial boost today when Detroit’s Downtown Development Authority
voted to contribute $9 million to help build the route.
In addition, Matt Cullen, the chief executive of the project known as
M1-RAIL, told the DDA board that the Kresge Foundation was expected to
approve a $35-million contribution to the project.
The project has already raised about $30 million in private
contributions from contributors including Quicken Loans founder Dan
Gilbert, Compuware Corp. founder and chair Peter Karmanos Jr., and the
Ilitch family of pizza, sports, and entertainment fame.
Read the entire article here.
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