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Entrepreneurs Help Motor City Become Mobility City

DETROIT, US – How does a bankrupt city with a declining population and dwindling public finances provide transportation for its residents? Detroit’s answer to that question has increasingly been to leverage private investments and entrepreneurial ideas. A few of these entrepreneurial ideas are homegrown. Nearly six years ago local investors developed the M1 Rail concept, the city’s first-ever light rail. The $140 million project, funded almost entirely by private investment, breaks ground later this month and will start operations in the late 2015.