The Streetcar Will Be Great For: Hamilton County Residents

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The City of Cincinnati will benefit from building the Cincinnati Streetcar, but the rest of the County will benefit as well. Streetcars will help the balance of Hamilton County by:

  • Increasing Federal Investment in the Region. The streetcar will be funded with rail specific funds from the federal government.  If these funds don’t go to building the Cincinnati Streetcar, they will end up in Milwaukee or Atlanta creating jobs in those cities instead of here.
  • Increasing Property Tax Revenues.  Building the streetcar will increase the property values all along the line and facilitate new development on the 92 acres of vacant lots along the route–leading to greater property tax receipts.  Since property taxes are of the two largest sources of the County’s budget, the streetcar will help the County’s bottom line.
  • Increasing Sales Tax Revenues.  The streetcar will create $1.4 billion in economic development in the urban core.  Retail stores and new residents along the streetcar lines will increase sales tax receipts (the other largest source of the County’s budget).
  • Not Costing County Taxpayers a Dime. The Cincinnati Streetcar will be funded by the City of Cincinnati.  No money will come out of the County’s budget for the streetcar.
  • Saving Money on Parking.  Even if you only go to one Reds or Bengals game a year the streetcar will save you money.  Instead of paying $10 or $20 to park next to the stadium, park in a cheaper lot near Arnold’s or on the street for free after 5 pm and take the streetcar to the game, saving you money and the headaches dealing with the post game traffic jams coming out of the stadium garages.

Support Hamilton County–Build the Streetcar.

6 thoughts on “The Streetcar Will Be Great For: Hamilton County Residents

    Mark Miller said:
    January 21, 2010 at 9:37 am

    Your second point is incorrect. The entire streetcar line and all the surrounding parcels are presently covered by district TIF abatements. Any increase in property tax receipts due to increasing property values automatically goes to the city. The county would see none of it.

      CincyStreetcar responded:
      January 21, 2010 at 9:41 am

      The TIF District will expire 20 years after the streetcar is built, after which the property taxes will no longer be in the TIF catchment.

    Mark Miller said:
    January 21, 2010 at 10:15 am

    What guarantee do we have that TIF Districts won’t be renewed? I can’t imagine the City of Cincinnati will simply allow an important revenue stream to just go away. Especially when they can continue it with the stroke of a pen.

      CincyStreetcar responded:
      January 21, 2010 at 10:58 am

      One of two scenarios will happen. Either the TIF District is not renewed and the County benefits from the increased property taxes or the TIF District is renewed and used to make additional investments which will increase the number of businesses and residents in the area, leading to more sales tax revenue for the County.

    Jake said:
    January 21, 2010 at 1:27 pm

    what kind of screwed up TIF district do you have, where county funds are diverted. They are a city tool for development, which means only the entity that approved the district has the authority to divert taxes.

    I mean unless TIF districts in Hamilton county are city/county joint ventures.

    5chw4r7z said:
    January 22, 2010 at 10:59 am

    What guarantees do we have about anything except that certain segment of the county will always hate the city?

    What guarantee do we have that gas will stay below $5 a gallon?

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