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SORTA says it will assume streetcar operating costs
CINCINNATI (WKRC) -- The Board of Trustees of the Southwest Ohio Regional Transit Authority (SORTA) voted Tuesday to assume responsibility for the streetcar's operating costs, once it's up and running.
SORTA said it has been assured that Cincinnati's business and philanthropic communities will work with it in a public-private partnership to secure the funds required to cover the operating costs that fares and sponsorships may not. SORTA also announced that it received a $1 million commitment from The Carol Ann and Ralph V. Haile, Jr. US Bank Foundation to seed an operating reserve fund.
SORTA says its METRO bus service will not be impacted by the streetcar decision. The city of Cincinnati will continue to pay for the construction of the streetcar with the funding and grants it has already secured.
Cincinnati mayor John Cranley recently said that he would not oppose the completion of the streetcar, if private entities picked up the operating costs.