Welcome!

API Journal Authors: Pat Romanski, Matthew McKenna, Elizabeth White, Kevin Benedict, Anders Wallgren

News Feed Item

M-1 RAIL Receives $25 Million in Federal Funding

DETROIT, Jan. 18, 2013 /PRNewswire/ -- Today the United States Department of Transportation (DOT) and M-1 RAIL organizers announced that the 3.3-mile light rail circulator project along Woodward Avenue in the city's urban core will receive $25 million in federal funding. The grant is a critical piece of funding needed to move the project forward.

"I applaud Michigan's leaders for coming together to support a regional vision for public transportation that will improve access to jobs, education, medical care and other destinations for residents in the Detroit metro area," said Secretary LaHood. "The Obama Administration is committed to the creation of a modern transportation system that will create jobs Detroit needs right now, while spurring new economic development to help this region grow stronger in the years to come."

M-1 RAIL has worked diligently to achieve every standard set by the U.S. DOT and Federal Transit Administration (FTA) since submitting a business plan last spring. In August 2012, the FTA and M-1 RAIL began work on an environmental assessment of the project, which will be completed by April 2013. Project organizers currently are finalizing engineering plans and will issue Requests for Information early this year. Organizers expect to break ground in later in 2013, with the goal to begin operations in late 2015.

"The support from federal, state and local governments for this vision, combined with unprecedented commitments from our leading corporate and philanthropic communities, has been tremendous. We thank all of those involved in working to make M-1 RAIL a reality," said Roger Penske, chairman of M-1 RAIL. "M-1 RAIL is a catalyst for investment, economic development and urban revitalization. The light rail circulator will strengthen the backbone of the Detroit region, which will spur significant, additional investment within Detroit and our entire community."

The federal grant will be combined with more than $100 million in donations from philanthropic foundations and many leading regional corporations and institutions to fund the construction, maintenance and operation of the rail line. The project will eventually be gifted to an operating entity, such as a regional transit authority, which recently received approval in the Michigan legislature.

"This project, and the eventual implementation of the regional transit authority (RTA), will give Michigan the integrated transit system vital to continued economic growth throughout the city, region and the state," said Michigan Governor Rick Snyder. "Providing necessary and viable transportation options is key to the prosperity of our communities. Working together with M-1 RAIL organizers and other transit authorities, I know that we can create a coordinated transit community that best serves Michigan residents."

The light rail circulator will reinvigorate the city, creating a region where people want to live and businesses want to invest. M-1 RAIL will help attract and retain jobs, residences and employers; reduce traffic congestion; enable compact development; and encourage overall development in the area. As of the end of 2012, the project has already spurred the development of new real estate projects; contributed to decisions by two hospitals to expand investments in the city; given rise to Midtown and downtown housing incentives; served as the motivation for commercial property purchases in the urban core; and generated some $100 million of grant and loan commitments by financial institutions and foundations.

"The investment from our private community here in Detroit is unmatched. We have many business and philanthropic leaders committed to making our city, and our region, thrive," said Detroit Mayor Dave Bing. "M-1 RAIL will create a transportation system that allows people to move more easily within our city, increasing the vibrancy and vitality of Detroit. This is a great addition to our city and I look forward to the positive impact I know it will have on our region."

The 3.3-mile light rail circulator will have 11 stations on Woodward running from downtown to New Center. In addition, M-1 RAIL will be expandable to accommodate future needs and will operate in harmony with other transit options, including DDOT, SMART, Amtrak and the people mover, as well as any future transit initiatives, such as the proposed bus rapid transit system.

Donors to the M-1 RAIL project include: Bank of America, Blue Cross Blue Shield of Michigan, Chevrolet, Chrysler, Detroit Downtown Development Authority, Compuware, Detroit Medical Center, Ford Foundation, Henry Ford Health System, Hudson Webber Foundation, Illitch Holdings, Inc., Penske Corporation, Quicken Loans, The Kresge Foundation, Wayne County, Wayne State University, and W.K. Kellogg Foundation.

ABOUT M-1 RAIL:
M-1 RAIL, a 501 (c)(3) corporation, is a private, public partnership to construct and operate a streetcar system on the Woodward Avenue Corridor. The 3.3-mile route will have 11 stations along the line, serving Detroit residents and visitors. M-1 RAIL will create a catalyst for investment, economic development and urban renewal that positively impacts the city and the region.

SOURCE M-1 RAIL

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
"delaPlex is a software development company. We do team-based outsourcing development," explained Mark Rivers, COO and Co-founder of delaPlex Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
IoT is rapidly changing the way enterprises are using data to improve business decision-making. In order to derive business value, organizations must unlock insights from the data gathered and then act on these. In their session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, and Peter Shashkin, Head of Development Department at EastBanc Technologies, discussed how one organization leveraged IoT, cloud technology and data analysis to improve customer experiences and effi...
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discussed how businesses can gain an edge over competitors by empowering consumers to take control through IoT. He cited examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He also highlighted how IoT can revitalize and restore outdated business models, making them profitable ...
There are several IoTs: the Industrial Internet, Consumer Wearables, Wearables and Healthcare, Supply Chains, and the movement toward Smart Grids, Cities, Regions, and Nations. There are competing communications standards every step of the way, a bewildering array of sensors and devices, and an entire world of competing data analytics platforms. To some this appears to be chaos. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, Bradley Holt, Developer Advocate a...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, wh...
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, discussed how research has demonstrated the value of Machine Learning in delivering next generation analytics to imp...
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, explored the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences between wh...
Connected devices and the industrial internet are growing exponentially every year with Cisco expecting 50 billion devices to be in operation by 2020. In this period of growth, location-based insights are becoming invaluable to many businesses as they adopt new connected technologies. Knowing when and where these devices connect from is critical for a number of scenarios in supply chain management, disaster management, emergency response, M2M, location marketing and more. In his session at @Th...
Basho Technologies has announced the latest release of Basho Riak TS, version 1.3. Riak TS is an enterprise-grade NoSQL database optimized for Internet of Things (IoT). The open source version enables developers to download the software for free and use it in production as well as make contributions to the code and develop applications around Riak TS. Enhancements to Riak TS make it quick, easy and cost-effective to spin up an instance to test new ideas and build IoT applications. In addition to...
When people aren’t talking about VMs and containers, they’re talking about serverless architecture. Serverless is about no maintenance. It means you are not worried about low-level infrastructural and operational details. An event-driven serverless platform is a great use case for IoT. In his session at @ThingsExpo, Animesh Singh, an STSM and Lead for IBM Cloud Platform and Infrastructure, will detail how to build a distributed serverless, polyglot, microservices framework using open source tec...
Apixio Inc. has raised $19.3 million in Series D venture capital funding led by SSM Partners with participation from First Analysis, Bain Capital Ventures and Apixio’s largest angel investor. Apixio will dedicate the proceeds toward advancing and scaling products powered by its cognitive computing platform, further enabling insights for optimal patient care. The Series D funding comes as Apixio experiences strong momentum and increasing demand for its HCC Profiler solution, which mines unstruc...
IoT offers a value of almost $4 trillion to the manufacturing industry through platforms that can improve margins, optimize operations & drive high performance work teams. By using IoT technologies as a foundation, manufacturing customers are integrating worker safety with manufacturing systems, driving deep collaboration and utilizing analytics to exponentially increased per-unit margins. However, as Benoit Lheureux, the VP for Research at Gartner points out, “IoT project implementers often ...
It is one thing to build single industrial IoT applications, but what will it take to build the Smart Cities and truly society changing applications of the future? The technology won’t be the problem, it will be the number of parties that need to work together and be aligned in their motivation to succeed. In his Day 2 Keynote at @ThingsExpo, Henrik Kenani Dahlgren, Portfolio Marketing Manager at Ericsson, discussed how to plan to cooperate, partner, and form lasting all-star teams to change t...
In his general session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed cloud as a ‘better data center’ and how it adds new capacity (faster) and improves application availability (redundancy). The cloud is a ‘Dynamic Tool for Dynamic Apps’ and resource allocation is an integral part of your application architecture, so use only the resources you need and allocate /de-allocate resources on the fly.
Presidio has received the 2015 EMC Partner Services Quality Award from EMC Corporation for achieving outstanding service excellence and customer satisfaction as measured by the EMC Partner Services Quality (PSQ) program. Presidio was also honored as the 2015 EMC Americas Marketing Excellence Partner of the Year and 2015 Mid-Market East Partner of the Year. The EMC PSQ program is a project-specific survey program designed for partners with Service Partner designations to solicit customer feedbac...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
SYS-CON Events announced today that Bsquare has been named “Silver Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. For more than two decades, Bsquare has helped its customers extract business value from a broad array of physical assets by making them intelligent, connecting them, and using the data they generate to optimize business processes.
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...