Government Issues

Canceling Cincinnati streetcar costs less than completion, audit shows

Posted on December 18, 2013

Streetcar rendering via www.cincinnati-oh.gov
Streetcar rendering via www.cincinnati-oh.gov
CINCINNATI — WCPO reported that an independent audit shows it would cost the City of Cincinnati less to cancel the streetcar project than to complete it.

It would cost between $50.3 million and $80.1 million to cancel the project, while by comparison, it would cost between $104.6 million and $105.7 million to complete it, according to the audit.

The results likely will bolster the effort to cancel the project, which is advocated by Mayor John Cranley and some City Council members, according to the report. For the full story, click here.

View comments or post a comment on this story. (0 Comments)

More News

APTA chief calls for streamlining, expediting capital investment grants

With current and future projects seeking $27 billion in funds, Congress urged to provide funding at or above FY2019 levels.

House passes bill banning usage of Fed funds for Chinese rolling stock

The authors assert Chinese state-owned and state-supported enterprises have used subsidized “bargain prices” well-below competitive market price to win contracts throughout the U.S.

Bill to strengthen Buy America requirements reintroduced in Congress

When certifying that materials used in construction are “Made in America,” the bill requires DOC to ensure support of American jobs.

Support for raising Federal gas tax continues to rise, finds Mineta report

Seventy-five percent of respondents supported a 10¢ increase in the gas tax if the revenue raised is dedicated to maintenance projects.

FMCSA seeks input on 18-to-20-year-old interstate commercial drivers

Drivers ages 18-20 may currently only operate CMVs in intrastate commerce.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation