First it was to cost $72 million, $47.6 million of it from a federal government grant.
In April 2013, the estimated cost of Atlanta’s 2.6-mile streetcar line to $99 million. (Watch for it to go even higher!)
The official Streetcar site estimates that operating the streetcar will cost $1.7 million annually in 2013 dollars. (It also lists capital costs at $92.6 million.) Back in 2012, the federal government put the annual operations cost at $2.6 million.
But WSB-TV in Atlanta reported this week that the price is now 70 percent higher than original estimate: Operations are now projected to cost $4.4 million.
Read Benita Dodd’s recent op-ed in the Atlanta Journal-Constitution on the Streetcar: http://www.georgiapolicy.org/transit-relic-wont-help-transportation/#ff_s=n82x.
Thank you for the great work that the Public Policy Foundation is doing across our state setting a wonderful example. I first ran for the Senate in 1994, and the Foundation was that resource I called upon to be a great help to me as we were articulating positions and formulating public policy initiatives. We appreciate very much your leadership and all that you stand for.