MENU
SEARCHOperations could be funded by increased parking meter rates and a reduction in tax abatements claimed by property in downtown and Over-the-Rhine under a plan unveiled on Wednesday.
CINCINNATI — The Cincinnati streetcar's operations could be funded by increased parking meter rates and a reduction in tax abatements claimed by property in downtown and Over-the-Rhine under a plan unveiled on Wednesday, reported Cincinnati Business Courier.
The increase in parking meter rates also is expected to fuel a boost to the city's general revenue fund, which already is swelling from increased income tax revenues and cuts in city spending. Another $500,000 stemming from the parking meter rate increases could go into the general revenue fund, but it could be more or less, Flynn said in an interview.
The plan appears to put to rest a year of handwringing over how the city would cover the estimated $4 million operating costs, according to the report.
For the full story, click here.
The service is a flexible, reservation-based transit service designed to close the first- and last-mile gaps and connect riders to employment for just $5 per day.
Read More →
Stay informed with these quick takes on the projects and companies driving progress across the transportation landscape.
Read More →
Transit agencies depend on safe, reliable vehicles to deliver consistent service. This eBook examines how next-generation fleet software helps agencies move from reactive processes to proactive operations through automated maintenance, real-time safety insights, and integrated data. Learn how fleets are improving uptime, safety outcomes, and operational efficiency.
Read More →
In a recent episode of METROspectives, LYT CEO Timothy Menard discusses how artificial intelligence, cloud connectivity, and real-time data are transforming traffic management, boosting bus reliability, and enabling system-wide transit optimization across cities.
Read More →
The analysis finds that a $4.6 trillion investment across all levels of government over 20 years ($230 billion per year) would be required to build, operate, and maintain a transit network that approaches the level of service within a cohort of 17 global cities with world-class transit systems.
Read More →
Stay informed with these quick takes on the projects and companies driving progress across the transportation landscape.
Read More →
Stay informed with these quick takes on the projects and companies driving progress across the transportation landscape.
Read More →
Via data shows microtransit boosts job access, equity, and commutes when designed to feed fixed routes, not compete with them.
Read More →
As the transportation landscape continues to evolve in the wake of the pandemic, few manufacturers have faced, or embraced, change as decisively as Forest River Bus.
Read More →
Biz Briefs covers the latest supplier news in the motorcoach and public transit industries.
Read More →
