While Economic Development And Public Safety Suffer From Barrett’s Lack Of Leadership, He Wants To Spend $100 On A Boondoggle
Tom Barrett And His $100 Million Trolley:
The 2.1 Mile Streetcar Plan Has A Price Tag Of $64.6 Million. The project would utilize $54.9 million in federal transit aid and $9.7 million from a tax-incremental financing district. (Larry Sandler, “PSC ruling to cover all utilities in Milwaukee streetcar project,” Journal Sentinel, 2/2/12)
- The Streetcar Will Cost An Estimated $2.65 Million Every Year To Operate. (Larry Sandler, “PSC ruling to cover all utilities in Milwaukee streetcar project,” Journal Sentinel, 2/2/12)
Relocating The Utilities Will Cost Over $55 Million. (Larry Sandler, “PSC ruling to cover all utilities in Milwaukee streetcar project,” Journal Sentinel, 2/2/12)
- The Public Service Commission Is Set To Decide Whether The Utility Companies And Their Rate Payers Or City Of Milwaukee Taxpayers Will Be On The Hook For This Additional Expense. In order to require the utility companies to cover these relocation costs, the City has to identify an “adequate health, safety, or public welfare justification.” (Heather Asiyanbi, “PSC Says Racine Ratepayers Won’t Pay For Milwaukee Streetcar,” Caledonia Patch, 9/26/11)
City Officials Plan to Seek Federal Aid To Extend The Line To East Brady Street And To The Pabst Brewery Redevelopment Boosting The Total Project Cost To $104.8 Million (Larry Sandler, “Milwaukee streetcar plan on track for passage, “Journal Sentinel, 7/14/11)
- With The Extension, The Annual Operating Cost Would Jump To $4.89 Million. (Larry Sandler, “Milwaukee streetcar plan on track for passage, “Journal Sentinel, 7/14/11)
Tom Barrett Thinks The Only Way Milwaukee Is Competitive Is By Adding A $100 Million Trolly. Tom Barrett said this is really about “growing our tax base.” (Larry Sandler, “Milwaukee streetcar plan on track for passage, “Journal Sentinel, 7/14/11; Eric Toner, “Questions raised about costs of Milwaukee streetcar project,” WUWM, 4/25/12)
The $9.7 Million In Tax-Incremental Financing Will Cost The City An Extra 5.4 Million In Debt Service And Push Back The Payback Date Of The District To 2026. (Larry Sandler, “Cathedral Place tax district funds considered for streetcar line,” Journal Sentinel, 7/8/11)
