In late 2009 then Mayor David Cicilline unveiled the Metro Transit Study, calling for the return of streetcars to Providence. In the intervening years, the Core Connector study has looked at the possibilities for doing just that, through studies and public meetings. A locally preferred alternative route connecting the East Side with the Hospitals area in Upper South Providence has been approved by RIPTA.
Then, we entered our fiscal emergency and the streetcar was put on the back burner.
In March of this year, Mayor Taveras gave his Economic Report and expressed his support for seeing the streetcar project continue. Last week, the City of Providence Department of Planning and Development applied for a Federal TIGER grant to partially fund the streetcar project.
The TIGER Grant Application calls for $39 million in federal funds to use towards the $114 million project.
The grant states the remainder of the project would be funded by City TIF Bonds ($54.32 M), RI Capital Plan funds ($15 M), RIPTA CMAQ funds ($5.25 M), and a RIDOT land transfer ($0.80 M).
Operating funds and debt service totaling $6.93 million per year would be funded by the TIF; an Assessment District; parking revenues; fares (~$2), sponsorships, and advertising revenues; and a three year CMAQ subsidy.
The TIGER Grant application included letters of support from RIPTA, the RI Convention Center, Brown University, the College Hill and Jewelry District neighborhood associations, the Providence Foundation, Grow Smart RI, AARP of Rhode Island, the Sierra Club of Rhode Island, House Speaker Gordon Fox, and others.
If the City receives the TIGER funding, construction could begin as early as 2015 following completion of design and environmental revue, with service commencing in 2017.
1The Governor would rather we build a rotary and by-pass road in Warwick.
2Yes, that’s me from 2011.