Cincinnati streetcar
4:23 pm
Tue April 30, 2013

City manager's ideas for filling streetcar funding gap

Cincinnati City Manager Milton Dohoney is laying out how he would find the additional $17.4 million needed to build the first phase of the streetcar project.  

As he suggested during a hearing Monday night it will be from a combination of sources.  

He issued a four-page memo to the Mayor and Council Members Tuesday afternoon with his ideas.

Those include:

  • Taking $6.5 million from a fund to make infrastructure improvements near the new casino
  • Temporarily moving $5.4 million from the Music Hall plan to the streetcar
  • Issuing an additional $4.6 million of bonds
  • Delaying a traffic signal replacement project ($400,000)
  • Delaying a water main relocation ($500,000)

City Council will have to approve the additional funding for the streetcar project.  

Vice Mayor Roxanne Qualls said the Budget and Finance Committee will hold a special meeting to discuss Dohoney's funding options.  

The streetcar project is over-budget because construction bids for the first phase came in higher than officials projected.