Tuesday, September 11 2012 7:09 PM EDT2012-09-11 23:09:00 GMT
The Streetcar Project has been pushed back until the summer of 2015. A memo from City Manager Milton Dohoney to City Council says the two year construction project, with an additional six months for testingMore >>
The Streetcar Project has been pushed back until the summer of 2015.More >>
Monday, July 30 2012 8:39 PM EDT2012-07-31 00:39:40 GMT
Cincinnati City Council's Budget and Finance Committee voted on Monday to move more than $3 million from an account set up for the streetcar to the city's Capital Improvement Account. The Capital ImprovementMore >>
Cincinnati City Council's Budget and Finance Committee voted on Monday to move more than $3 million from an account set up for the streetcar to the city's Capital Improvement Account. The Capital Improvement Account is where the city will be drawing funds for expenses related to the streetcar. More >>
Tuesday, July 10 2012 10:11 AM EDT2012-07-10 14:11:31 GMT
Cincinnati Mayor Mark Mallory is using his connections in Washington, D.C. to have Congressman Steve Chabot's anti-streetcar language removed from the Federal Transportation Bill. Chabot inserted anMore >>
Cincinnati Mayor Mark Mallory is using his connections in Washington, D.C. to have Congressman Steve Chabot's anti-streetcar language removed from the Federal Transportation Bill. More >>
Tuesday, July 10 2012 9:52 AM EDT2012-07-10 13:52:22 GMT
Feds pass amendment to prohibit further funding of streetcar project Council member calls to postpone streetcar and atrium projects Metro names rail manager for streetcar project FIRST LOOK: ProposedMore >>
Feds pass amendment to prohibit further funding of streetcar project Council member calls to postpone streetcar and atrium projects Metro names rail manager for streetcar project FIRST LOOK: ProposedMore >>
Friday, May 17 2013 7:16 PM EDT2013-05-17 23:16:53 GMT
One person has died in a crash near Harrisonville, MO, Thursday evening. The crash happened on Missouri Highway 7 and Walker Road. It involved a car and a tractor-trailer. Harrisonville is in Cass County.More >>
Savannah Nash celebrated her 16th birthday last week. She died Thursday when her car slammed into a semi while she was texting during her first time driving by herself.More >>
Saturday, May 18 2013 11:19 PM EDT2013-05-19 03:19:44 GMT
The Charlotte Bobcats are in the process of changing their name to "Hornets," a source with knowledge of the situation told CBSSports.com's Will Brinson, including arranging digital assets that wouldMore >>
The Charlotte Bobcats are in the process of changing their name to "Hornets," a source with knowledge of the situation told CBSSports.com's Will Brinson, including arranging digital assets that would allow a return to their original nickname.More >>
Sunday, May 19 2013 7:59 AM EDT2013-05-19 11:59:01 GMT
Health officials are worried cases from a salmonella outbreak traced to a Fayetteville hotel may have spread nationwide. Officials say that 51 people who ate at the Holiday Inn Bordeaux's banquet facilitiesMore >>
Health officials are worried cases from a salmonella outbreak traced to a Fayetteville hotel may have spread nationwide.More >>
Savannah Nash celebrated her 16th birthday last week. She died Thursday when her car slammed into a semi while she was texting during her first time driving by herself.More >>
The City of Cincinnati's Administration is bringing forward three pieces of legislation to the Budget and Finance Committee of Cincinnati City Council on Sept. 24. The three items will advance the streetcar construction schedule.
The first piece of legislation establishes a $15 million account. The City will used the funds to advance the work for the Duke Energy utilities until the City and Duke Energy can address who should pay for the relocation for Duke's electrical gas lines under city streets. Duke Energy agreed its utilities would only need to be moved three feet from the streetcar line instead of the original estimated eight feet.
The $15 million will come from a recent sale of land, which gave a total of $37 million. "It is not feasible to sit idle awaiting an outcome," said City Manager Milton Dohoney, Jr. The City expects to recover the $15 million after it is decided who is legally responsible to pay.
The Administration is also asking Council to change the source of funds for repaying $14 million of the $25 million in notes issued as part of the original financing proposal for the project. "This District was hit harder than other TIF Districts because of the decline in office lease rates within the district," said Finance Director Reginald Zeno. "We will undergo a study to determine the current valuation of the Downtown South TIF, but because we need to issue the bonds, we will use this as the source in the interim."
The Administration will recommend a right-of-way ordinance after determining a legislation that clarifies rights and obligations for the control and management of the right of way would benefit the City and regulated utilities.
