Posted on 07/23/2010 10:31:08 AM PDT by Willie Green
Detroit Mayor Dave Bing says the $425 million Woodward Light Rail Project -- which will run from Hart Plaza to 8 Mile -- "is going to happen" and that Transportation Secretary Ray LaHood should be in town soon to announce additional backing.
Bing made the announcement Thursday during a "big four" round table discussion hosted by Paul W. Smith of WJR-AM 760, suggesting the line could help reverse economic and population trends.
"I think it's about more than just transportation," he said. "It's about economic development. Cities that I've been in that have a light rail system, you've seen all kinds of businesses pop up around the system itself -- whether it's the young people that are living in that area, whether there's entrepreneurs that come to the area."
A group of private investors -- including Peter Karmanos, Dan Gilbert, Roger Penske and Mike Ilitch -- previously committed more than $100 million to construct the first phase of the line, known as the M-1 Rail project, which will run from Jefferson Ave. to the New Center.
That group says a similar 3.6 mile light rail project in Portland cost $103 million to construct and resulted in roughly $2.5 billion in local development
(Excerpt) Read more at mlive.com ...
Young talent in Detriot?
LOL! Any “talent” would flee that hell hole.
All Aboard the Detroit Special. High Speed Transit to Unionville Nirvana.
Just another place for thugs to hang out...
RE: Can light rail keep young talent in Detroit?
Counter question : Is there a good reason to stay ?
I don’t get this. Where would the people be traveling?
If those dummies want to put their money into it, I have no problem. As investors, it would be their money.
BUT I DON’T WANT ONE SINGLE RED CENT OF MY TAXPAYER MONEY GOING DOWN THAT PIT OF A SUCK HOLE.
These people are damned DELUDED. I don’t give a rat’s ass if they waste their money, but if LaHood is going there IT IS GOING TO BE MY DAMNED MONEY AND I AM SICK AND TIRED OF IT.
"I think it's about more than just transportation," he said. "It's about economic development. Cities that I've been in that have a light rail system, you've seen all kinds of businesses pop up around the system itself -- whether it's the young people that are living in that area, whether there's entrepreneurs that come to the area."This be the field of dreams theory of economic development: If you build it, they will come. It's a species of magical thinking peculiar to our own era, and a convenient rationale for stimulus spending without the benefit of stimulating anything.
Well it could group all potential victims in one place ... make it easier for young and talented criminals to make a good living
the thing out to keep on going well past 8 mile just to get clear of the combat zone. What happened to the bulldozer idea?
Why would I want to invest one thin dime into that marxist hellhole?
Willie, you are always out to fleece the tax payer with a subsidized train, why don’t you tell everyone you are a liberal. We all know it anyway.
Looks like Roger Penske has turned out to be a whore for the regime. Sad.
Can light rail make monkeys fly out of my butt?
It'd be better for the economy to just put those millions in a pile and set them on fire.
True, they would have a subsidized ride to another community to rob and plunder and a subsidized ride back home the next day just in time to cash the welfare check..
Also called VooDoo economics!!
Well it will be good to ‘save or create’ police jobs in the city because of it.
Whole new opportunity for murders, rapes, drive-by shootings, prostitution, drug deals - you know just day to day Detroit stuff.
Keeping “young” talent in the Islamic Republic of Detroit!!???
Yeah, good luck with that - first in FINDING any “talent” in Detroit and second in getting them to stay VOLUNTARILY!!!
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