The federal government has agreed to pay half of the construction costs for a $1.6 billion light-rail extension, according to the Charlotte Observer.
The Federal Transit Authority will spend $580; the city, Charlotte Area Transit System $250 million; and the N.C. Department of Transportation will chip in $299 million. According to the Observer:
The new, 9.2-mile extension could open in 2017. It will connect downtown to UNC-Charlotte, adding 11 new stations. Four stations will have park-and-ride lots.
Construction is scheduled to begin in November 2013.
Read more here.