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Tag: M1

Who Are You Working For

By JGillman, Section News
Posted on Mon Feb 06, 2012 at 08:43:03 AM EST
Tags: Michigan, Rail, Detroit, Snyder, Obama, Grants, Boondoggles, M1 (all tags)

Mr Snyder?

Quick drop on the background affairs of government pushing more government, using private firms to make it look like "capitalism", and there it was.

While planning to step in and crush the bankrupting union contracts in Detroit with the EFM, the next generation of great failure is having its rails installed. A Private firm M1 is proposing to build a transit system, a 3.4-mile line between Hart Plaza and New Center on Woodward Avenue for $125 million in private investment and federal grant money. At some point in the future, it will turn over (sell) the line to the city, and will subsequently siphon from taxpayers additional funds to remain in operation.

OK, we've seen THAT movie before.

Snyder is painted as being cautious on this however. An interesting take from Crains Business:

A fear is that if the regional proposal collapses -- as so many similar plans have over the past 40 years -- blame will be laid at the governor's feet, the sources said.
That worry is acute because this is a presidential election year, and Snyder's staff is feeling pressure to expedite the regional authority so that President Barack Obama can announce funding before the election, the sources said.

And they should feel pressured to expedite, why?

Oh yeah.

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