Sunday, March 15, 2009
Alternative Funding in Detroit
An interesting movement in the Woodward light rail line in Detroit. They have collected what I believe is the first ever foundation money to build a transit line in the United States. The locally based Kresge Foundation has put in $35 million and the total already raised locally is $44 million. I believe there are still dueling plans for Woodward but it would be interesting to see how this all bears out.