Cincinnati officials said Wednesday they still do not know the cost of delaying work on the streetcar project for most of last month. They're still calculating that number and also the effect on the timeline to build the first phase.
Council delayed the project for several weeks before deciding on December 19th to let it move forward. Officials also say the cold weather has caused some delays.
The first actual streetcar will arrive in the city in March 2015.
An independent audit of the streetcar shows it would cost from $25 million to $50 million more to complete the project than to stop it, the mayor rejected an offer by the Southwest Ohio Regional Transit Authority (SORTA) to cover streetcar operating costs, and council is meeting this afternoon to continue debate. With the deadline to receive federal money fast approaching. How things stand now with the streetcar.
Cincinnati Council will likely vote Thursday on whether the city's controversial streetcar project will continue.
Construction has been on hold since December 4th. Now the group will decide whether to let work resume or finally pull the plug on the plan.
So far the city has spent $34 million on the streetcar project. An independent audit firm reported Wednesday it will cost anywhere from $16 to $46 million to cancel the streetcar or about $69 million to complete it.