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Tuesday, March 31, 2009
News The stimulus plan means big bucks for CATS
Posted By Rhiannon Fionn-Bowman on Tue, Mar 31, 2009 at 2:26 PM
One of the requirements to receive the federal funds is that projects must be "shovel-ready," so the Light Rail's northeast line, which is still being designed, won't benefit. The purpose of the stimulus, after all, is to put people to work immediately.
No one in the state has fared better than Charlotte for landing transit money from the stimulus package.North Carolina will receive $103 million in such funding, with Charlotte claiming $21 million.
“That’s more than double what anyone else got,” says Keith Parker, chief executive at the Charlotte Area Transit System. “We’re pleased with that, but we wish there would have been more transit money in the overall stimulus package.”
Read the rest of this Charlotte Business Journal article here.
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