The M-1 RAIL Project is a catalyst for job growth, economic vitality and improved mobility. The project is expected to provide a major economic boost of more than $3 billion in development and 10,000 new housing units over the next 10 years.
To date, estimates indicate a return of a little more than seven dollars for every dollar invested in the $140 million capital project.
Nearly $1 billion in development is completed or underway and an additional $60 million in development is planned from Downtown to the New Center Area and the North End at the terminus of the line.
M-1 RAIL is a community project dedicated to expanding economic opportunity for Detroit-based companies, along with women-owned, minority-owned and disadvantaged business enterprises (DBE) who have been awarded nearly 30 percent of the construction and concurrent road work for the M-1 RAIL streetcar project.
That amounts to nearly $40 million in contracts awarded to Detroit-based and certified women, minority and DBE businesses. M-1 RAIL’s inclusion percentage is twice the national average when compared to similar projects.