Atlanta Keeps Streetcar Hopes Alive

Officials are hopeful that new funding opportunities will enable them to build a streetcar along Atlanta's Peachtree Street.

"'We worked very hard on this project, and we will continue to,' said Luz Borrero, deputy chief operating officer for the city. "It was disappointing to learn that we did not get the grant, but at the same time, it is encouraging to see the commitment of our partners remaining intact."

Atlanta Mayor Kasim Reed, who pushed hard for the grant, said in a statement, 'Our resolve to see this project through to completion remains steadfast.'

Borrero said the city would work on winning other federal funds for the project. That includes competing for another $600 million in federal grants that soon would be available."