New financial plan proposed for streetcar

By: Justin Worthing ~Staff Writer~ A new financial plan proposal for the Cincinnati Streetcar project would raise property taxes in Cincinnati’s Downtown and Over-the-Rhine (OTR) neighborhoods. If accepted, this plan would turn Downtown and OTR into a Special Improvement District (SID), which would create a new property tax to fund the streetcar. The plan does not name a specific amount for the tax. The Haile/U.S. Bank Foundation, a private foundation supporting the streetcar project, proposed the plan last Wednesday. Neither the foundation nor the city has the power to create the SID. It would only be implemented if property owners … Continue reading New financial plan proposed for streetcar