Sunday, February 17, 2013

Streetcar Price Doubles!

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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