Cincinnati will unveil plans Tuesday on how to pay for a four-mile, $100 million downtown streetcar line that advocates believe will contribute $2 billion to the city’s economy and transform Over-the-Rhine.
The plan’s cheerleaders include politicians, transit activists and urban developers.
So far, it seems to have no enemies, although that could change when the city explains where it will get the money to fund the plan.
Let's do the math. If a streetcar contributes 2 billion dollars to the economy, that would increase the city's tax revenue by $42 million dollars ( 2 billion multiplied by a 2.1% city income tax rate).
By my math, that results in a $58 million dollar shortfall. Where the hell do you think the proponents of this plan expect to get the shortfall from?
These rail clowns have been coming at this for years now and vote after vote keeps being rejected. The fact is, we have a Metro bus system that covers nearly all the downtown area, what the hell do we need a streetcar for?
Roads, police, fire. All this other stuff is like putting lipstick on a pig.
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