Rail

Foundation awards $35M to Detroit rail project

Posted on April 14, 2009

The trustees of the Kresge Foundation approved a $35 million investment in the Lower Woodward Light Rail Project (M-1 RAIL), a $120-million transit line that will run along Woodward Avenue from the Detroit River to the New Center area in Detroit.

“There is no more important investment this region can make in its future health and vitality than a regional mass transit system,” says Rip Rapson, president of the Kresge Foundation. “The Woodward line will signal metropolitan Detroit’s willingness to jump-start our region’s aspiration to create such a system. It will connect inner-city residents with job opportunities. It will give rise to more intensive, sensible land-use, tying neighborhood residents to new community development opportunities. It will draw together a variety of private, philanthropic, public and nonprofit activities now in place to promote the retention and attraction of talent in the heart of the city.”

The light rail investment advances multiple strategic objectives on the part of Kresge, a $3.1 billion private foundation that supports communities in the U.S. and around the world by strengthening the nonprofit organizations that serve them. Its 13 planned stations will spur commercial and residential revitalization while linking the city’s major arts and cultural institutions and athletic arenas. Because light rail is a clean transportation source and should reduce the number of cars on area roads, the system is expected to reduce carbon emissions, helping to protect the region’s air quality and its substantial natural resources, according to Kresge.

As with past grants of similar magnitude, the trustees conditioned payments, which will be made over four years, on meeting a series of project benchmarks. “We have every expectation that these benchmarks will be met in a timely way, leading to the beginning of construction this year and the line’s completion in late-2010,” adds Rapson.

The trustees approved ten other grants and one program-related investment to Detroit-area nonprofit organizations. The total, including the light rail investment, was $40.1 million.

View comments or post a comment on this story. (0 Comments)

More News

Atlanta Streetcar gets FTA grant to explore system expansion

The FTA monies would go toward an “Atlanta Beltline Transit Supportive Land Use Implementation Plan,” involving 16 miles of proposed east, west and crosstown streetcar corridors.

China developing 300 mph trains to lead export of high-speed tech

Under an ambitious government plan starting this year, the country is developing trains that can run on a hybrid-propulsion system that allows higher speeds.

Part of Amtrak investment package to modernize D.C. Union Station concourse

Early action construction will start in the fall of 2016 and include the relocation of heating and ventilation. Full-phased construction, funded by the new investment package, is anticipated to start in 2017 and will seek to minimize impacts to all station users.

Talgo to return to Milwaukee location to refurbish LA Metro railcars

In 2015, Talgo settled a lawsuit against the state, resulting in the company receiving roughly $50 million and keeping the two trains that were manufactured.

Metra seeks $20M grant for PTC installation

With the grant funding, Metra plans to help fund installation of PTC on its Milwaukee West Line to Elgin and North line to Fox Lake.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close