Cleveland Real Estate News

Andrew Taylor’s  AP article discusses it here.  The amount of money available for high speed rail went up to almost 13 billion dollars.  You can read about everything that happened today on The Hill here  in the Congressional Record Digest.

I’m thinking we could entice rail making companies to our shores…remember the idea of taking closed up factories and turning them into rail car producers, etc?  In another AP article, reporters Lowy and Leingang write that foreign companies who already make rail cars are vying to provide them, and go on to say

Mica said he expects most of the high-speed rail money to be spent in the U.S. on locomotive engines, steel tracks, concrete and support systems. But passenger cars will probably be purchased from foreign companies, although they may be produced by U.S. subsidiaries, he said. European and Japanese companies may also play a large role in designing and overseeing rail projects.

The Federal Rail Administration plans to release the first round of grants by mid-September. State and local officials will decide which companies win the contracts.

So, oversight by foreign companies but cars made by U.S. subsidiaries.  That means local (US) jobs yes? Are our Ohio and Cleveland leaders in the ‘courting’ loop for their plants to be operating here?   Many of my local friends share the sentiment that Ohio’s brand is still heavily identified with manufacturing, so let’s capitalize on it.   Peace Out – 3C