According to a recent Enquirer poll, the Cincinnati Streetcar will generate $25,940,207 in farebox revenue per year. After operating costs of $3,500,000 million per year are subtracted, that results in a net profit of $22,440,207.
The poll asked-
If the streetcar ran every 10 to 20 minutes, and cost $1 to ride …. How often would you personally ride the streetcar? Almost every day? Once or twice a week? Once or twice a month? Or, less often that that?
The results are below.
This assumes, conservatively, that “once or twice a week” meant once a week and “less often than that” meant once a year. Even if “less often that than” means “never” then the streetcar will, according to this Enquirer Poll, still generate over $22 million in profit per year. Additionally, reducing “almost daily” to five rides per week would still result in $15 million in profit.
While Cincystreetcar.com feels these ridership projections are probably too optimistic, if this Enquirer poll is accurate, then all 52 neighborhoods will benefit from the millions of dollars of profit the streetcar will generate each year.