By Bill Shea
http://www.crainsdetroit.com/article...ine-operationsAn analysis of the project prepared for the council forecasts the line will carry 1.8 million riders annually, or 22,000 daily riders -- a number kept flat through 2030 in revenue and expense projections as a conservative estimate, White said.
The city's plan to cover the line's cost breaks down as:
• $2.8 million from fares [[at $1.50 per rider).
• $5 million from federal Congestion Mitigation and Air Quality grants.
• $2 million from the state's Public Act 51, which is transportation project funding.
• $5 million from other state pledges.
• $1 million from federal Section 5309 Fixed Guideway Modernization Funds.
• $2 million from city's general fund.
The state in 2008 approved an annual appropriation of up to $8 million for the line's operational costs.
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