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Rail News: Passenger Rail

Ford Foundation to invest in transit projects


Yesterday, the Ford Foundation announced a five-year, $200 million effort to help growing cities, suburbs and surrounding communities plan for the future, including monetary support for transit-oriented development projects.

The foundation plans to make investments in metropolitan areas to expand the "most promising initiatives" and develop models for other regions throughout the nation, Ford Foundation officials said in a prepared statement.

Some early investments include public transportation projects designed to connect residents to jobs and other opportunities, including the M1 rail in Detroit, the redevelopment of the Claiborne corridor in New Orleans and construction of 25 transit villages along Bay Area Rapid Transit lines in the San Francisco area.

Contact Progressive Railroading editorial staff.

More News from 5/19/2010