Cincinnati Council has approved a three part plan to pay for operating costs of the Cincinnati streetcar.
It includes a mix of fares and advertising income, parking meter revenues from downtown and Over-the-Rhine, and changes to the city's abatement policies asking developers to contribute money to a fund to help with operating costs.
Mayor John Cranley called the plan creative even though he said he still believes the streetcar project is a mistake.
Streetcar track work is now moving into Cincinnati's Central Business District and that likely will continue through early 2015 as part of the $133 million project.
"Seeing the track on Walnut Street is an exciting milestone in the construction process," said project executive John Deatrick in a statement. "It's a sign the streetcar is getting closer to achieving our goal to connect two major downtown neighborhoods: Over-the-Rhine and the Central Business District."
Cincinnati officials now say the nearly three week pause in construction on the city's streetcar project cost nearly $1 million. That includes more than $637,000 for contractors.
“Cost directly associated with the pause itself for MPD and its subcontractors,” said Chris Eilerman, streetcar project manager. “So it’s largely go to be down time, idle equipment time, those kind of costs basically incurred during the pause itself.”
MPD is a partnership of three companies working on the streetcar project. They include Messer, Prus, and Delta.