Peachtree Streetcar misses out on federal funding
But city officials say all hope is not lost
While other cities across the country are prepping ribbon-cutting ceremonies to celebrate federal funding grants that will build transit lines, Atlanta’s got the blues.
The city’s $298 million bid for the proposed Peachtree Streetcar was not among the more than 50 TIGER grant recipients announced today by the U.S. Department of Transportation. The cash, part of President Barack Obama’s $787 billion stimulus program, will fund a variety of transportation projects across the country.
There were high hopes that federal officials would award funding to the shovel-ready project, which envisions a streetcar line running along Peachtree from Five Points to Midtown and an east-west line connecting Centennial Olympic Park and the King Center.