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.
The Georgia Public Policy Foundation has hit another homerun with its Guide to the Issues. This is must reading for anyone interested in public policy in Georgia, and it is an outstanding road map for conservative, common sense solutions to our challengers of today and tomorrow.