streetcar

City of Cincinnati

Cincinnati Council is ready to give city administrators an additional $17.4 million to build the first phase of the much debated streetcar project.  

The Budget and Finance Committee approved the extra money Monday with a 5-4 vote.  The full Council will consider it Wednesday.  

The additional funds are coming from a variety of sources including other capital accounts and more bonding.  

Council Member Yvette Simpson remains supportive of the streetcar.

Hamilton County Commissioners Chris Monzel and Greg Hartmann are calling on the Ohio Kentucky Indiana Regional Council of Governments (OKI) to pull promised dollars from the Cincinnati Streetcar project.

In a letter, the pair say that because of "significant cost overruns" they believe OKI's $4 million could be better spent elsewhere. They also request alternative options for the money's use be brought before the OKI executive council.

They write:

City of Cincinnati

Cincinnati City Manager Milton Dohoney spent more than two-and-a-half hours Monday answering questions about his plan to find an additional $17.5 million to build the streetcar project.  

About two weeks ago he suggested using funds from several different sources to cover the gap.  

Dohoney was asked about future cost overruns with the plan?  He said that’s possible, but there is some certainty.

City of Cincinnati

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:

Jay Hanselman

A standing room only crowd was on hand at Cincinnati City Hall Monday night as Council held a four-hour public hearing on the much debated streetcar project. 

City Manager Milton Dohoney spent an hour describing why the city is pursing the plan.

"We have not pursued it simply because it's a cool thing to do," Dohoney said.  "But because experts have all told us it's what we need to do, if we want to have a competitive advantage with regards to other communities."

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