Regions Midwest | Detroit
Detroit to Get $371M Rail System
April 30, 2008

The city of Detroit announced plans to construct a two-rail rapid-transit system along Woodward Avenue from downtown to 8 Mile. An estimated $371 million light-rail system will allow commuters to park in 400 spaces at the State Fairgrounds and ride to and from downtown with stops at 13 to 15 sheltered stations. The Detroit Transit Options for Growth Study concluded an 18-month review about what corridor and type of transit would be the best bet for the city, Detroit Free Press reported. Construction is set to begin in three years, with an estimated 11,000 riders a day by 2013.

 
Recent Detroit Headlines
62,000 SF of Industrial Space Snapped Up in Sterling Heights
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The industrial property at 40675 Mound Road in Sterling Heights, about 20 miles from Detroit, Mich., has recently come under new ownership.
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With most of Livonia Mall's tenants having negotiated lease terminations, the road has been paved for a massive remake of the shopping center just outside of Detroit, Mich., and the Livonia Planning Commission intends to give the plan the once-over on July 15, according to Crain's Detroit Business.
Former GM Building to be Converted to $145M Arts College Campus
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Vacated by General Motors nearly a decade ago, the 760,000-square-foot Argonaut Building in Detroit's New Center area is about to take on a new life, now that the College for Creative Studies has announced that it will spend $145 million to transform the property into a second campus.
BAE Plans 81-Acre Industrial Property Purchase in Sterling
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BAE Systems has entered into an option with TRW Automotive to buy the former TRW Automotive Holdings Corp. plant in Sterling Heights, about 20 miles from Detroit, Mich.