The
Cincinnati/ Northern Kentucky International Airport pumps billions
into the local economy each year. The
City of Cincinnati is already criss-crossed by highways and served
by airports, but building a streetcar would allow Cincinnati
to unlock the vast potential of its urban core.
Phase 1 of
the streetcar system would cost $128 million, according to the
HDR study. This investment would increase the property
values along the line by $379 million and enable $1.4 billion
of new development to occur.
For
each dollar invested, the city would reap approximately $10 in
new economic activity. |