CINCINNATI (AP) — The hundreds who turned out for a public hearing on the controversial Cincinnati streetcar project still didn’t hear how the city plans to pay for all of it.
The Cincinnati Enquirer (http://cin.ci/16gP9q1 ) reports that none of the city officials at the Monday night meeting explained how the additional costs of the now $133 million project will be covered.
City Manager Milton Dohoney said it will have to be piecemeal funding and wouldn’t all come from one source.
Dohoney said the accepted bid for the project has expired, although the developer is still willing to work with the city.
He said if the city scraps the project, it would lose $19.7 million in money already spent and $14 million more to close out the contracts already signed.
Information from: The Cincinnati Enquirer, http://www.enquirer.com