Fully Funded Streetcar to Break Ground in 2011, Operational 2013

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From Mayor Mark Mallory:

Today was a great day for our Streetcar project.  The State recommended an additional $35 million for the first phase of the Streetcar.  We now have the full amount needed to complete the first phase.  In addition, the State also recommended $1.8 million for planning for the second phase of the project.

This is great news for Cincinnati.  The Streetcar project is going to help grow our city and improve our financial future.

Thank you for your continued support of this transformational project.

Happy Holidays.

Mayor Mark Mallory

From City Manager Milton Dohoney:
.
I am very happy to report that today the Ohio Department of Transportation’s  (ODOT) Transportation Review Advisory Council (TRAC) unanimously recommended an award of $35 million for Phase 1 of the Cincinnati streetcar project.  This award brings the total amount of funding identified for the streetcar project to approximately $150 million. This provides all total capital project costs.  In addition, the TRAC also recommended an award of $1.8 million for planning and preliminary engineering for Phase 2 of the streetcar project.

Especially in light of the budget problems facing the city, I am convinced that we must use every economic development tool we can to bring residents, jobs, businesses – and tax revenue – to the city.  Together, the streetcar, casino, The Banks, 21c hotel, and other investments generate bigger returns that will stabilize and grow our local economy.  The streetcar alone has a $3 return for every $1 invested.

I’d like to thank ODOT Director Molitoris and the members of the TRAC for their commitment to Cincinnati’s streetcar project, in part, as a tool for economic development.

I also appreciate your ongoing support and hope you have a safe and happy holiday season.

Milton

 

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5 thoughts on “Fully Funded Streetcar to Break Ground in 2011, Operational 2013

    5chw4r7z said:
    December 10, 2010 at 10:36 am

    And the Enquirer and at least channel 12 acknowledged that the federal and state transportation grants cannot be used for police.
    We’re finally getting somewhere.

    joebrockhaus said:
    December 10, 2010 at 5:33 pm

    great news.

    RE: 5chw4r7z
    — I still can’t believe that every news channel doesn’t say that out of necessity, any time anything financial is reported.

    It should be a disclaimer or something similar, just like they do before showing you a video of something ‘disturbing’.

    Andrew Barton said:
    December 19, 2010 at 1:44 pm

    Most excellent! New streetcars going in are always good news, especially when they’re under attack elsewhere. Good going, Cincinnati!

    Alan Zimmerman said:
    December 22, 2010 at 7:58 pm

    What irked me was the tone of the Enquirer story that police were paid overtime to guard the portable model that was trucked in. Buried in the story was the real news, that “thousands of people visited it.” My guess is that if 1000’s visited, they weren’t there to curse at it, they probably couldn’t wait to ride it! By the way, don’t police get paid overtime whenever anything special happens downtown, including festivals, parades or pro sports?

    [...] Cincinnati will break ground on its streetcar line next year, after the state’s transportation authority awarded the city $35 million. [...]

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