A recent feasibility study of the proposed streetcar system for downtown Grand Rapids says the streetcar could spur $400 million in development by way of restaurants, stores and more—which means more jobs for the region. The challenge is finding the initial $79 million to construct the first phase.
According to excerpts from the story:
GRAND RAPIDS -- The vision is this: Sleek, electric streetcars running up and down Monroe Avenue NW, stopping every 10 minutes at canopy-covered stations.
It also includes a new wave of downtown development: nearly $400 million in restaurants, shops, offices, condos and apartments within blocks of the tracks.
The question, however, is who would pay for it.
Read the complete story here.
Enjoy this story?
Sign up for free solutions-based reporting in your inbox each week.