Cincinnati Streetcar - How much will it cost?
The total project cost for the first segment is $95 million plus the cost of relocating the utilities*.
SOURCES FOR CONSTRUCTION OF FIRST SEGMENT:
| Urban Circulator Grant | $25 million |
| OKI Grant | $4 million |
| City Financing | $64 million |
| Private Funding | $6.5 million |
| Total | $99.5 million |
The Mayor and City Manager explained how the estimated $2.5 million annual operating cost for the first segment would be funded, emphasizing that no General Fund operating dollars would be used. In fact, the operations plan identifies far more that the needed $2.5 million in order to build an operations reserve that will further protect the General Fund. This will ensure that the Streetcar never competes for funding with essential services such as police and fire protection or trash pick-up. The operations sources include:
Casino revenue |
$3 million |
Parking Meter revenue |
$400,000 |
Fare Box |
$465,000 - $675,000 |
Naming rights, Sponsored stops |
$200,000 |
FARE PRICE
The official fare price has yet to be determined.
*The City and the utility companies continue discussions over how many of the utilities must be moved and how far they must be moved in order to reach an accurate cost for each party.
