Good afternoon –
As you may have heard, the Cincinnati Streetcar project was not one of the projects that received federal funding today from the TIGER grant. I want to assure you that this does not hurt the Streetcar project.
We have applied for funding from several different state and federal sources. Today’s announcement simply means that we did not receive this particular grant. In fact, out of 61 projects to receive funding today, only four streetcar projects were selected.
The federal government announced $1.5 billion in grants today. That is from over $56 billion in applications. Our project is simply one of many good projects that will be competing for the other funding that is still available. And, let me be clear, we are confident that our Streetcar project is one of the best projects in the country.
One of the pots of money still available is the Urban Circulator grant program, which is intended for streetcar-type projects. The reality is that after today’s announcement, there are four fewer projects competing with us for that funding.
There is going to be a lot written and said about today’s announcement and what it means for the future of the Streetcar project. I want you reassure you that despite the chatter, the Streetcar project is still on target and is going to lead to new businesses and job creation in Cincinnati.
I want to thank you for your support. Together we are going to continue to move our City forward with a bold vision for the future.
Mayor Mark Mallory