"Although federal taxpayers forked over $37.2 million to help fund the delayed M-1 streetcar project in Detroit, rail officials have refused so far to disclose the budget or operating costs.
That’s important because metro Detroit voters are being asked in November to begin paying for operations of the streetcars in 2024 as part of a larger regional transit plan.
Motor City Muckraker requested a copy of the M-1 construction and operating budgets after a member of the M-1 Board of Directors expressed serious concerns about the project.
The board member, who spoke on condition on anonymity, said the $179.4 million project is costing more than anticipated because of slower-than-expected construction.
As a result, M-1 has less money to finance the operations, which originally were targeted at $5.5 million a year..."
The board member, who spoke on condition on anonymity, said the $179.4 million project is costing more than anticipated because of slower-than-expected construction.
As a result, M-1 has less money to finance the operations, which originally were targeted at $5.5 million a year..."
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