Wednesday, December 14, 2011

Light rail dies a sudden, painful and expensive death in Detroit

Light rail dies a sudden, painful and expensive death in Detroit Crain's Detroit Business
After all, Detroit's finances are a nightmare:
The city expects to run out of cash by April. By the end of the fiscal year in June 2012, the shortfall is estimated to be $45 million.
The city has an accumulated deficit of about $180 million in its $1.2 billion general fund.

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