Worst case projected scenario for the cost to the city on streetcar operating expenses net of income: $2,400,000.
Last year’s actual cost to service the debt on the Paul Brown stadium, written up in both Bloomberg and the Wall Street Journal as one of the worst public-private partnership financing disasters in the history of the country: $50,000,000 (25% of the county’s operating budget). The county has had to cut 1,700 jobs since the project was completed – even though one of the big promises was job creation.
You’ve got to be kidding me.
Shall we talk about the casino next????????????