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.
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