04/30/2012 08:41 am ET

Streetcars Desired: M1 Rail Hopes To Hop On Cincinnati's Order

By Bill Shea

The Motor City is looking to the Queen City when it comes to downtown streetcars.

The choice of vehicles also may save Elmo, Snoopy and Captain Underpants parade floats.

M1 Rail, the private consortium of investors seeking to build a $137 million, 3.3-mile modern streetcar line on downtown Detroit's Woodward Avenue between Hart Plaza and New Center, told the U.S. Department of Transportation in a recent report that it's in talks with the city of Cincinnati about possibly piggybacking its streetcar order.

Read more on Crain's Detroit Business