Friday, February 15, 2013

WLWT: Streetcar bids could push price tag to $130 million

That's what WLWT is reporting.
Construction bids for the Cincinnati streetcar project have come in way over city hall's budget, and that's become more grist for the political mill... "They estimated $44 million on the track, (and) it came in, the low bid came in $71 million – $26 million over budget," said mayoral candidate John Cranley. "It shows incompetence."
Combined with other potential changes, the higher construction costs for tracks and stations could push the price tag for the project to at least $130 million. "I and many citizens have always said that this project could not be completed at the $110 million price point," City Councilman Chris Smitherman wrote to the city manager. "Your office does not have authorization to spend any more money beyond the $110 million without bringing it back to City Council for a vote."

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