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July 10, 2013

Fla. city approves downtown streetcar tax

Photo courtesy Greater Fort Lauderdale Convention & Visitors Bureau

Photo courtesy Greater Fort Lauderdale Convention & Visitors Bureau

FT. LAUDERDALE, Fla. — Sun Sentinel reported that city commissioners approved a plan to tax downtown property owners for the next 25 years to help pay for the proposed Wave electric streetcar system, despite some criticism.

The $142.6 million, 2.7-mile long system is being paid for mostly with federal and local funds. However, it also requires $20.6 million from area property owners. For the full story, click here.

RELATED:"Streetcar Projects Continue Breaking Ground Despite Uncertain Federal Future"

Rendering courtesy of the Downtown Development Authority of Fort Lauderdale

Rendering courtesy of the Downtown Development Authority of Fort Lauderdale

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