Organizers of the $137 million streetcar plan for Detroit's Woodward Avenue are assembling a list of private-sector companies to operate the system on a concession basis, according to Crain's Detroit Business.
U.S. Department of Transportation's requirement for up to $25 million in capital funding is a list of potential operators for the system.
The line will not be operated by M1 Rail, the private-sector organizer and financier of the streetcar project, or by any government agency such as the Detroit or Michigan departments of transportation or by the Southeast Michigan Council of Governments regional planning agency, said Matt Cullen, M1's CEO.
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Crain's Detroit Business
