IBJNews

U.S. OKs $196M for high-speed Chicago-Detroit rail

Back to TopCommentsE-mailPrintBookmark and Share

The U.S. Department of Transportation has approved $196.5 million for part of a high-speed Amtrak passenger rail link between Chicago and Detroit, U.S. Sens. Carl Levin and Debbie Stabenow from Michigan said Wednesday.

The funds now being obligated cover work from Kalamazoo in western Michigan to Dearborn in suburban Detroit, the Democratic lawmakers said.

The grant to the Michigan Department of Transportation will cover track and signal improvements.

"This is an important investment that will reduce travel time, improve reliability and on-time performance, and attract more passengers," Transportation Secretary Ray LaHood said in a statement. "We are creating jobs in Michigan, building our rails with American-made materials and growing the regional economy."

Officials say the rail line improvements will allow trains to reach110 miles per hour on 135 miles of the route. The Transportation Department says that will shave 30 minutes off travel on Amtrak's Wolverine and Blue Water services between Detroit and Chicago. The line runs through Illinois, Indiana and Michigan.

"This effort will not only boost our economy, it will provide residents with more transportation options," said Stabenow. "With gas prices as high as they are it is critically important that travelers have more choices in addition to driving."

ADVERTISEMENT

  • Not Great!
    The federal government is broke, Amtrak is broke and this train, like most others, will run empty. There is no demand for this in Indy and no demand in Michigan.
  • Great!
    It's great to hear that economically depressed regions like St. Joseph county and southern Michigan will have high-speed rail options to expand the territory in which the jobless or underemployed can seek employment. To boot, I'm looking forward to heading north to my hometown for the holidays once I can hop on a fast train to Detroit, Ann Arbor, or Chicago.

    How long until central Indiana pulls its head out of the sand and connects with a high-speed rail deal like this? The federal money is there if we can get smart!

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

  2. $3B would hurt Lilly's bottom line if there were no insurance or Indemnity Agreement, but there is no way that large an award will be upheld on appeal. What's surprising is that the trial judge refused to reduce it. She must have thought there was evidence of a flagrant, unconscionable coverup and wanted to send a message.

  3. As a self-employed individual, I always saw outrageous price increases every year in a health insurance plan with preexisting condition costs -- something most employed groups never had to worry about. With spouse, I saw ALL Indiana "free market answer" plans' premiums raise 25%-45% each year.

  4. It's not who you chose to build it's how they build it. Architects and engineers decide how and what to use to build. builders just do the work. Architects & engineers still think the tarp over the escalators out at airport will hold for third time when it snows, ice storms.

  5. http://www.abcactionnews.com/news/duke-energy-customers-angry-about-money-for-nothing

ADVERTISEMENT