snigglefritz wrote:https://www.bizjournals.com/kansascity/ ... j=82248951
The Star implies Fed help will be needed...The TDD won't begin raising taxes until after a plan is approved for construction of the streetcar extension, and after the Downtown and Main Street Extension TDDs are merged into one.
The Kansas City Streetcar Authority plans to apply for federal funding in September for the $227 million project. The nonprofit organization, which manages, operates and maintains the streetcar, will seek up to $100 million in funding through the Federal Transit Administration's Small Starts Program.
http://www.kansascity.com/news/local/kc ... 56569.html
the tax funds will not come close to covering the cost of building the new line. The KC Streetcar Authority will also seek $100 million in federal funds.