Excitement and funds are growing for the privately funded light rail line planned to run from Hart Plaza to New Center.
Excerpt:
The
project, now known as the Regional Area Initial Link, or TRAIL, has
gotten commitments for about 75% of its goal of raising $90 million to
$100 million, a person familiar with the details of the effort said.
In
a key fund-raising innovation, leaders of the effort are selling naming
rights for up to 13 planned stations along the 3.4-mile route up
Woodward Avenue. The rights go for $3 million for each pair of
north-south stations. So far, 10 purchasers have committed to buying
rights.
In one such agreement, the Wayne State University Board
of Governors approved July 30 spending $3 million to sponsor a stop at
the school.
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