Oh yeah…and just where IS that missing $6M going to come from to build this streetcar from Downtown to the King Center. Many already questioned the construction of the line, since it will do absolutely NOTHING to ease the grid-lock traffic that Atlanta is experiencing. I’ll be following this story for sure! ~~~Thom Abbott
$5.6 Million Meant for Atlanta’s Streetcars Already Spent
Updated: Wednesday, 01 Jun 2011, 7:33 PM EDT
Published : Wednesday, 01 Jun 2011, 7:33 PM EDT
By MYFOXATLANTA STAFF/myfoxatlanta
ATLANTA, Ga. – The highly-anticipated downtown Atlanta streetcar project is having trouble getting off the ground. The city was supposed to come up with nearly $6 million toward the project, but that money is long gone.
Council Member Felicia Moore told FOX 5’s Aungelique Proctor that the $5.6 million that was supposed to go to the streetcar project was instead spent two years ago by former Mayor Shirley Franklin. Moore says it was used in 2009 for public safety purposes to close the budget gap.
The city is launching two investigations into how the mistake could have occurred. One is being conducted by the auditors, and another by the law department.
The federal government has already given the city $47 million in federal stimulus money for the streetcar project, and now the mayor’s office is left scrambling to find the money they need somewhere else. A representative from the mayor’s office tells FOX 5 they do have a plan, and that they hope to sell some prime real estate in midtown in order to come up with the money needed to fund their portion of the streetcar project.
The project is supposed to be completed in the summer of 2012. The planned 2.6 mile line would run from The King Center to Centennial Olympic Park, and it would bring 2,000 jobs with it.
Councilman C.T. Martin says he looks forward to finding out how the mistake was made.