City Council Approves $64 Million for the Cincinnati Streetcar

Posted on

From Soapbox:

Cincinnati City Council’s Budget & Finance Committee voted 6-2 to approve $64 million in bonds for the city’s proposed streetcar system on Monday, May 10th.  The move is the first bold commitment from City Hall in terms of financing for the project to date, and is seen as a strong signal to the Federal government that there is local support for the project.

“This project can help us grow our tax base without growing our tax rate,” described Brad Thomas, founder of CincyStreetcar.com.  “The approval of these bonds will send a clear message to Washington D.C. that Cincinnati is serious about this project, and will strongly position Cincinnati for the next two rounds of Federal funds.”

Read the rest here.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s