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Feds approve $50 million for Oregon streetcar line
10:03 AM PST on Tuesday, February 5, 2008
The Bush administration has tentatively approved $50 million to help expand the Portland streetcar system -- if the city can show it will be cost effective.
TriMet
The Federal Transit Administration announced funding for 13 transit projects across the nation on Tuesday, including the Portland streetcar expansion.
But the federal agency said that the Portland transit agency, TriMet, has to develop better ridership models and show the benefits of the streetcar system to get past the last hurdle for funding in 2009.
Portland may become the first city to receive funding for a streetcar project as part of a national program, if the expansion gets final approval.
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