Tuesday, April 7, 2009
After an entire year, private money raised for trolley: $0
In April of last year, Cincinnati City Council passed a plan to implement a $200 million trolley system running over a four mile loop and serving three of Cincinnati’s neighborhoods. That plan was expressly contingent upon Council raising $32 million in funds for the project from private industry. How’s the private fundraising coming?
In August of last year, the City established a separate fund to accept private trolley contributions.
Now after an entire year COAST inquired as to exactly how much the City has raised from private donors. The answer: Zero, zip, nada, zilch. A big goose egg. That’s right, after 365 days of scouring the City for private donations for the pie-in-the-sky dream of a few out-of-touch Council members, not one red cent in private dollars has been raised for the trolley boondoggle.
Councilmember Chris Bortz committed at a meeting of the Blue Chip Young Republicans in April of 2008 that if the City did not raise the private funds, it would abandon the trolley plan. To date, the City has not yet abandoned the foolish plan.
As a reminder, those Council members voting against this profligate waste of money were Council members Monzel and Cranley; voting in favor were Ghiz, Thomas, Qualls, Berding, Bortz, and Crowley.
Read more about the original passage here.