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The capital costs for the initial route are estimated at $64.6* million. For the initial route, federal funding would supply $54.9 million, and $9.7 million will come from local sources. The City will seek federal funding opportunities to finance the route extensions (Phase 2).
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The estimated annual operating cost is $2.65 million for the initial streetcar route. The project assumes a fixed fare policy of $1 per ride with multiple options for daily, weekly, monthly and annual passes.
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* Route length subject to change, pending refined cost estimating during Final Design. |
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