Just for the record....I know memories are short....
According to a study released by the Cincinnati USA Regional Chamber, the Purple People Bridge Climb in its first year will generate an economic impact of $32.1 million annually, based on the projection of 80,000 bridge climbers a year. The study estimates bridge climbers will spend nearly $6.6 million a year on admissions and souvenirs, and an additional $5.5 million at local restaurants, hotels and retailers, generating 350 new jobs for local workers and annual earnings entering households of $8.1 million.
NOW:About the Cincinnati Streetcar:The streetcar will increase mobility, decrease gasoline consumption and create economic development and jobs in the City of Cincinnati.- Economic analyses estimate a positive impact to the city of $1.4 billion- The project has an estimated benefit to cost ratio of 3:1- The development in the city will create an initial 1,800 jobs, with up to 9,000 over the long term- Over 3,700 trips a day will be taken on the streetcars
Studies have indicated the local streetcar system would spark nearly $1.4 billion in new development along its route. That means it would produce — when adjusted in today's value — up to $2.70 in economic activity for every $1 invested.
Monday, February 13, 2012
No, not the pop group of the same name, but our reaction this morning to this from a COAST Board member: