From Mayor Mark Mallory:
Today was a great day for our Streetcar project. The State recommended an additional $35 million for the first phase of the Streetcar. We now have the full amount needed to complete the first phase. In addition, the State also recommended $1.8 million for planning for the second phase of the project.
This is great news for Cincinnati. The Streetcar project is going to help grow our city and improve our financial future.
Thank you for your continued support of this transformational project.
Mayor Mark Mallory
Especially in light of the budget problems facing the city, I am convinced that we must use every economic development tool we can to bring residents, jobs, businesses – and tax revenue – to the city. Together, the streetcar, casino, The Banks, 21c hotel, and other investments generate bigger returns that will stabilize and grow our local economy. The streetcar alone has a $3 return for every $1 invested.
I’d like to thank ODOT Director Molitoris and the members of the TRAC for their commitment to Cincinnati’s streetcar project, in part, as a tool for economic development.
I also appreciate your ongoing support and hope you have a safe and happy holiday season.