County executives in southeast Michigan last week made their final appointments to a newly created four-county Regional Transit Authority.

The 10-member, four-county authority was created last year by the state Legislature to coordinate transportation in southeast Michigan. The authority, which will have the power to issue bonds, will manage federal funding for existing suburban transportation authorities and the Department of Transportation. It will also oversee and fund creation of a new light rail system along one of Detroit's main thoroughfares. It's considered key to the economic development of the Detroit region.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.