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FORT LAUDERDALE STREETCAR
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<p>Who is Attorney Paul Finizio? Was he serious? Or was he just posturing for the press? Did the reporter capture his comments, tone, intent, accurately? It is impossible to say from the report.</p> <p>The trolley system will cost $142.6 million. The city's taxpayers will be on the hook for $41.1 million after factoring debt service into the cost. The federal, state, and county taxpayers will have to pony up $122 million, plus debt service, assuming the project comes in on time.</p> <p>Based on the U.S. Treasury long bond rate, which is a good public borrowing benchmark, total cost for the taxpayers outside of Fort Lauderdale could be $189.4 million, thereby bringing the cost of the project over 30 years to $230.5 million. </p> <p>If I lived in Fort Lauderdale, I would want to know what a trolley could do for me that buses running the same route could not do. And how much I would save with a bus system vs. a trolley system, </p>
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