Finance Committe Vote 3/24/08

Cincinnati City Council is poised to approve City Manager Milton Dohoney’s plan to build the streetcar.

City Council’s Finance Committee will vote at 1:00p on Monday, March 24th to approve the streetcar financing plan in principle and authorize the city administration to meet with private and other governmental partners to secure the remaining funds. If passed on Monday, the motion will be approved by the full City Council at its regular meeting on Wednesday, March 26th at 2:00p.

This process has taken a little longer than expected, but the extra due-diligence has strengthened the plan. The vote next week won’t authorize the sale of bonds or the purchase of streetcars, but it creates the framework in which those things will happen over the next year or so. We’re on track, so to speak, to have the first streetcar operating in 2011. Who knows, maybe we’ll have the first car start running on April 29th, 2011 – that would be 60 years to the day when streetcars stopped running in Cincinnati.

WE NEED AS MANY PEOPLE TO SHOW UP AS HUMANLY POSSIBLE. Should this pass get ready for some celebration(s) Monday night.

Cincinnati City Hall is located at 801 Plum Street, and Council Chambers are on the Third Floor.

Hope to see you on Monday.