Last week was a historic week for the Cincinnati Streetcar. This press release from the City of Cincinnati provides a summary of the events:
The Cincinnati Streetcar had its biggest week yet, securing $86 million or over two-thirds of the funding for the $128 million project. The City of Cincinnati is in the running for a federal Urban Circulator grant of $25 million. In addition, in July, the City will be applying for funding from the federal TIGER 2 (Transportation Investment Generating Economic Recovery) stimulus program, and beginning the application process for the 2011 State of Ohio TRAC funding program.
- On May 12, 2010, Cincinnati City Council authorized $64 million in bonds for the project.
- On May 12, 2010, Cincinnati City Council appropriated $2.6 million in funding for planning and design work for the Streetcar, including the development of the operating plan. The funding is in addition to the $775,000 that had already been dedicated to pre-construction work. The funding comes from the proceeds of the sale of the City streetlights to Duke Energy last year.
- On May 13, 2010, the State of Ohio approved $15 million in Streetcar funding through TRAC (Transportation Review Advisory Committee).
- On May 13, 2010, OKI Regional Council of Governments approved $4 million for the Streetcar from CMAQ funding (Congestion Mitigation and Air Quality).
“This was huge week for our Streetcar,” Mayor Mallory said. “The Streetcar project is building momentum. With the City funding in place and partnerships with the State and OKI, we are in a great position to earn the federal funds necessary to put us over the top. We have sent a very clear message that our community is committed to this project and ready to make it a reality.”
The TRAC funding was recommended in March and became final On May 13, 2010. During the State’s public comment period, the Cincinnati Streetcar received 39 comments, which was the third most of any project in the state, and all of the comments were positive.
The News Record also has this story on the streetcar funding.