Why Streetcar Spending Is Good For Charlotte

Charlotte just won $25 million in grants from the federal government to combine with $12 million of local funds to build a streetcar system. Some say it's a waste of money. This editorial from <em>The Charlotte Observer</em> argues its case.
July 19, 2010, 1pm PDT | Nate Berg
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"In a recession, why spend millions on a silly uptown frill when they're laying off teachers and closing libraries?

It's easy to understand such a reaction. But government budgets make things more complex. Further, viewing a streetcar as just a people-mover uptown misses the bigger picture. It's a growth and development strategy. It's fiscally prudent in the long term and will have its most positive effect in areas outside uptown."

The editorial goes n to argue that even if the city hadn't accepted the federal government's grant, its own $12 million wouldn't have been able to go towards other city needs, like additional teachers and library aid.

Thanks to The Overhead Wire

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Published on Sunday, July 18, 2010 in The Charlotte Observer
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