Bills pass State House, moving Detroit closer to transit
Detroit is moving closer and closer to rapid transit as transit bills move through the house.
Excerpt:
The bills allow the Michigan Department of Transportation to
establish a “transit development finance zone” within one mile of the
railway system and through multiple municipalities to capture future
increases in property taxes for railway operations.
Other
legislation permits an annual state appropriation to pay for what the
system’s revenues and tax increment funding don’t fund.
There
are currently two Woodward transit plans, one a privately funded $103
million project and the other a $372 million proposal by the Detroit
Department of Transportation, that are expected to merge in 2009.
Read the entire article here.
Detroit is moving closer and closer to rapid transit as transit bills move through the house.
Excerpt:
The bills allow the Michigan Department of Transportation to
establish a “transit development finance zone” within one mile of the
railway system and through multiple municipalities to capture future
increases in property taxes for railway operations.
Other
legislation permits an annual state appropriation to pay for what the
system’s revenues and tax increment funding don’t fund.
There
are currently two Woodward transit plans, one a privately funded $103
million project and the other a $372 million proposal by the Detroit
Department of Transportation, that are expected to merge in 2009.
Read the entire article here.
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