Cincinnati officials now say the contingency budget for the city's streetcar project is estimated to be $1.3 million. That is up from the $80,000 reported about a month ago.
Officials updated a council committee Tuesday on the project.
“We have better information and more concrete information upon which to project those expenses,” said Chris Eilerman, a city official working on the project who explained the changes. “Based on that we’ve been able to hone in on better numbers and the result is what you see here.”
Cincinnati's mayor and city manager will be meeting with the streetcar team this week to discuss the dwindling amount of money in the contingency fund. If all worst case scenarios happen, the fund could have just $80,000 left in it. It started out with more than $9 million.
Mayor John Cranley says the message to streetcar officials John Deatrick and Chris Eilerman is this: "We need to have a team that's going to bring the streetcar in on time and under budget, or we need a new team."