Marc Daalder, Detroit Free Press
A new study funded by federal, state and local transportation authorities has found that resurrecting the train line between Traverse City and Ann Arbor could earn $128 million in annual revenue by 2050.
The study was released on Monday and was conducted by Transportation Economics & Management Systems on behalf of the Michigan Department of Transportation, the Bay Area Transportation Authority and the Groundwork Center for Resilient Communities, a nonprofit agency.
The revenue and ridership numbers depend heavily on the speed of the train, the study found. A 60-mile-per-hour train would cost about $40 million upfront and earn $18.9 million annually by 2050, while a 110-mile-per-hour train could cost $140-400 million up front .
Read more at Freep.com