How much will the initial plan cost and how will it be funded?
The total estimated capital cost for implementing the first phase of the streetcar system is approximately $200 million. The Partnership is proposing that the City create a special assessment district along the Corridor in Downtown and Midtown to provide primary funding for capital investment through an increased property tax of no more than three mills. Additionally, a parking tax is recommended to fund operating expenses for the initial streetcar system and also allow for growth and expansion of the system in the future.
