Press Release: February 17, 2013
Christopher Smitherman, President, Cincinnati NAACP
CINCINNATI, OHIO - FEBRUARY 17, 2013 - This week
the City Administration announced that the lowest bid for building the
streetcar was double the estimates presented to the public over the last 4
years. These "real" estimates confirm that the estimates
provided by the broad coalition against the streetcar were accurate over the
past 4 years. Unfortunately the cost is even more expensive than
$151-$180 million reported. These numbers do not include the full
cost of utility movement nor interest on the $64 million of debt to build the
streetcar. "City Hall has been intentional in misleading the
public on the cost of a 3 1/2 mile streetcar. This project continues to
undermine the long term solvency of the City of Cincinnati. Bankruptcy is
not progress," President of the Cincinnati NAACP said.
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