Funding Sources for the Main to Main Multi-Modal Connector Project
Federal Funds – TIGER IV: $14,939,000
Federal Funds - Federal Transit Administration: $2,100,000
Federal Funds – CMAQ: $1,850,000
The CMAQ funds were received by Arkansas and may only be used in Arkansas.
State Funds – TDOT: $2,000,000
Designated for the connection from Central Station to the Harahan Bridge in Segment 4.
Shelby County: $1,000,000
Capital improvement funds generated through tax collections from Shelby County taxpayers and can only be used in Shelby County.
City of Memphis Storm Water Funds: $6,000,000
Assessed storm water fees that may only be used for drainage mitigation and related design.
CRA Tax Increment Financing (TIF): $2,000,000
These funds are generated from excess tax collections in the specific geographic area known as Uptown and may only be used for infrastructure in that area.
Center City Revenue Finance Corporation: $2,000,000
Funds may only be used for Downtown Memphis Infrastructure.
Private Contributions: $1,000,000-plus and growing
Private funds raised and pledged have been designated primarily for work on the Harahan Bridge.