Charlotte Bags Federal Streetcar Funds
"The total cost of the first segment is estimated at $37 million, and the city will pay $12 million. The federal government requires that construction begin within 18 months, and the city said the streetcars could be operating by 2014.
The long-term plan is to build a 10-mile streetcar line from Beatties Ford Road to the site of the closed Eastland Mall, through uptown."
The federal funds will mainly go towards construction of the system's first phase, a 1.5 mile segment.