SORTA Agrees to Take on Streetcar Operating Costs
The Southwest Ohio Regional Transit Authority on Tuesday indicated its willingness to pursue a public-private partnership to cover the streetcar's operating costs, estimated at $3.4-$4.5 million a year.
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#1 Dec 17, 2013
I don't live in Cincy (thank goodness) but it seems to me that the timing of investing HUNDREDS of MILLIONS to build when the city/county can't fund the Museum Center, the pension fund, the Freedom Center, the Zoo, Music Hall, two stadiums, the Sheriff department etc etc.
Seems like getting the cart before the horse.
The private funding would be the decision maker.
As 'nifty' as a street car would be, this one would be servicing roads/routes that are already served by Metro Buses that are already supported by tax payers at a lower rate than a Street Car will be. So what is the advantage? Just asking.
#2 Dec 17, 2013
There is no advantage. The foundation didn't say they would committed 1 million dollars for the next 30 years.
#3 Dec 18, 2013
Your on the money here and Cincy would be stuck having to pay millions for this stupid street car and the yearly cost to maintain.That's why Cincy is in such bad financial trouble.This city cannot sustain anymore debt.This is common in demoncrap ran cities.The demoncraps policies never work.Look at detroit,chicago.stockton.for that matter look at californication as a whole.
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