Portland Streetcar - Funding

Funding

Funding for the streetcar operation comes primarily from TriMet, fares, city parking revenue, and a "Local Improvement District" (special property tax assessed on properties near the line). Fares have been difficult to enforce because much of the line is in the Free Rail Zone. Another source of funding for the streetcar is sponsorships of vehicles and stops, which in most cases have a minimum duration of one year, in contrast to the shorter-term advertising found on TriMet buses and MAX. Sponsoring organizations can have their name placed on the side of the vehicle, stop shelter or in the stop announcement, as well as a small advertisement placed inside the vehicle or shelter. Brochures and ticket sales can also be sponsored.

For the eastside line, the federal government contributed $75 million in 2009, with $20 million coming from Oregon Lottery-backed bonds; the rest of the cost was paid by the city, through the Portland Development Commission and a local improvement district tax on property owners near the line.

Read more about this topic:  Portland Streetcar