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The project is funded by the Regional Transportation Authority and through federal and other regional funds.
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While construction costs are on time and on budget, operating cost discussions are ongoing for the $133 million project.
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A two-page letter to Transportation Secretary Anthony Foxx warned the project urgently needs additional grant money to proceed, but said it would survive without the funds, though; it would have to be scaled back.
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D.C.'s Dupont Circle’s ghostly streetcar station is another reminder that America once had an extensive and efficient interurban transit system. Now, as cities from Buffalo to San Diego look to light rail, it’s worth thinking about the astonishing transit system we built and then threw away.
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With a reported $16.5 billion in projects, New York City Transit again tops the list, with the amount of streetcar projects in North America continuing to grow. Total project purse grows nearly 50% over 10 years.
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Will apply $268,278 of its remaining funding from a federal grant to the Cincinnati Streetcar. The money is left over from a $876,762 rail-related grant that was awarded to the agency in 1996 that must be used or would be forfeited and no other regional projects qualify for the funds.
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July 25 is the expected start date. Economic development is well underway, with millions of dollars invested, officials say.
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The system is expected to be up and running by late 2015. Operating costs are expected to be about $2.8 million per year.
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A county judge reaffirmed a ruling that an opponent of the project should have to pay a multimillion-dollar bond if he wants to appeal the transit system's earlier legal victory allowing it to issue debt to fund several projects.
Read More →The city has finished constructing one mile of streetcar track, despite a three-week project shutdown in December while the project was at risk of being canceled. Additionally, work was stalled at times in January and February, due to extreme winter temperatures.
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