CINCINNATI (AP) — Cincinnati’s city manager is proposing putting off other projects and taking on more debt to close a $17.4 million funding gap for the downtown streetcar project.
Milton Dohoney (DUH’-hoh-nee) has issued a memo analyzing ways to keep the project moving ahead. The growing price tag for the planned 3.6-mile track and streetcar is estimated at $133 million.
Among his suggestions is redirecting $5.4 million in funding for renovation of Music Hall downtown, and also using $6.5 million from infrastructure projects around the casino that opened this year. The city could also issue some $4.6 million in capital debt.
City council will discuss the plans at a future meeting. Backers say the streetcar will boost downtown. At least three current council members oppose it, as does mayoral candidate John Cranley.