May 1, 2013

Cincinnati streetcar faces $17.4M shortfall

CINCINNATI — After hours of discussion and debate, the Cincinnati City Council had not found a solution for filling the $17.4 million funding gap in the city’s streetcar project, WCPO Digital reported.

The cause of the budget shortfall is in part due to bids to install tracks, build shelters and buy ticket machines being $26 million to $44 million higher than estimated by the city. The streetcar system is estimated to cost $125.4 million. Of that amount, about $39.9 million comes from federal grants. For the full story, click here.

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