The Cincinnati Streetcar project is catching a lucky break thanks to Southwest Ohio Regional Transit Authority (SORTA) to the tune of almost $270,000.
There's more to the story when you become an Insider. WCPO Insider's membership is an additional benefit on top of everything you can get for free on WCPO.com. We created an entire digital organization dedicated to bringing you exclusive access to in-depth stories that you can’t get anywhere else, handpicked events, and incredible savings on things you love to do. To find out more click here.
CINCINNATI -- It’s better to have and not need than need and not have, right?
Officials said the money is leftover funds from a $876,762 rail-related grant that was awarded to SORTA in 1996 that must be used or would be forfeited.
RELATED: Will push to finish Cincinnati streetcar save 2016 Republican National Convention bid?
The Federal Transit Administration agreed to let SORTA use $608,484 for funding the Metro bus system.
The FTA suggested that rather than losing the money, SORTA should apply the remaining $268,278 to the streetcar project.
SORTA said no other regional projects qualify for the funds, so rather than forfeit the balance, the money will be transferred to the streetcar.
The money will be used to supplement the city’s unallocated contingency fund for the project.
“Our objective is to keep these federal funds in the Cincinnati region,” said SORTA Chairman Jason Dunn in a release. “It was a use-it-or-lose-it proposition.”