Riding the streetcar will cost $1.75 for two hours and $3.50 for 24 hours, according to a model unveiled Wednesday by Paul Grether, Metro’s rail manager.
The model also set streetcar operating hours at Sunday-Thursday 6 a.m.-10 p.m. and Friday-Saturday 6 a.m.-midnight.
Under the model, the streetcar should sustain 3,000 daily boardings, Grether said. But that estimate is very conservative and excludes special events, such as Reds and Bengals games, he cautioned.
Grether presented the projections during a presentation at City Council’s Major Transportation and Regional Cooperation Committee.
Streetcar Project Executive John Deatrick also released numbers that show the project remains on budget and time.
But Deatrick warned council members of one potential hurdle: The originally contracted steel supplier took another job after City Council delayed the streetcar project for three weeks, which could force the city to delay construction of a maintenance facility for two months or hire a steel supplier outside the region.
City officials also said they are looking at potential funding avenues for the next phase of the streetcar project, which would establish a rail line from Findlay Market up the Vine Street hill. The goal, they said, is to clear up any misconceptions about what the next phase of the project would cost.
The latest federal budget allocated $600 million in TIGER grants and $2 billion in Federal Transit Administration New/Small Starts grants that could go to a future phase of the streetcar project.
City Council would need to approve the next phase of the streetcar project before it could move forward.