Upload

Loading icon Loading...

This video is unavailable.

New Life for the Streetcar, Mayor Proposes Compromise

Sign in to YouTube

Sign in with your Google Account (YouTube, Google+, Gmail, Orkut, Picasa, or Chrome) to like LOCAL 12's video.

Sign in to YouTube

Sign in with your Google Account (YouTube, Google+, Gmail, Orkut, Picasa, or Chrome) to dislike LOCAL 12's video.

Sign in to YouTube

Sign in with your Google Account (YouTube, Google+, Gmail, Orkut, Picasa, or Chrome) to add LOCAL 12's video to your playlist.

Published on Dec 12, 2013

CINCINNATI (Joe Webb) -- The streetcar's biggest opponent says he is willing to meet supporters in the middle to keep the controversial project alive.Cincinnati Mayor John Cranley, who was elected last month after an anti-streetcar campaign, has given supporters a challenge. Cranley says if they can figure out how to privately pay for the streetcar's annual operating costs, he will let the project move forward. But there are some monstrous hurdles ahead and not much time to overcome them. The biggest hurdle is time.The Federal Transit Authority has given the city leaders until next Thursday night to make a decision on whether it will go forward with construction. That will decide the fate of the $44 million in federal grants and will likely be a deal breaker if that money goes away.But the mayor's move Thursday morning does give supporters some hope and a new deadline.Surrounded by representatives of the city's unions, John Cranley stepped a little closer to the middle saying he did not want the streetcar operating costs to take away from police, fire, and street repair. He offered a challenge and something of a compromise to streetcar supporters.I have listened and met with streetcar supporters and I'm here to say that I'm willing to partner with them if they can guarantee the operating expenses before we incur any additional costs.Once the tracks are laid and the cars are running, the estimated annual cost is somewhere around $4 million. They mayor said he would like to see a guarantee of funds for somewhere around 80 million dollars. He wants a commitment to cover the overhead.It's a tall order, but supporters call it a crack in the door.Cranley said representatives of the Haile US Bank Foundation were involved in the discussions last night. Now, the ball is in the supporter's court. They have a week to get a funding package together before the Federal Transit Authority pulls its $44 million.Eric Avner of the Haile US Bank Foundation says they proposed creating a commission to figure out how to pay for the operating costs with sponsorships, advertising and other revenue sources. The foundation would provide the resources for that commission so it wouldn't cost the city any money.The mayor made it clear Thursday morning he wants some sort of financial guarantee. He plans to ask the Federal Transit Authority for more time to come up with a plan before it pulls the funds.

Loading icon Loading...

Loading icon Loading...

Loading icon Loading...

The interactive transcript could not be loaded.

Loading icon Loading...

Loading icon Loading...

Ratings have been disabled for this video.
Rating is available when the video has been rented.
This feature is not available right now. Please try again later.

Loading icon Loading...

Loading...
Working...
to add this to Watch Later

Add to