Overview of Ohio's 3C "Quick Start" Passenger Rail Plan


By Trevor Warren

Overview of Ohio’s 3C “Quick Start” Passenger Rail Plan

In January 2010, Governor Strickland announced that Ohio will receive $400 million in American Recovery and Reinvestment Act funds to help develop and construct a passenger rail system. Ohio’s 3C “Quick Start” Passenger Rail Plan will initially connect Cleveland, Columbus, Dayton and Cincinnati with 79-mph passenger trains. Approximately 60% of Ohio’s population will have convenient access to the rail system. Future plans might include service between Cleveland and Pittsburgh. Design and construction is scheduled to take place over the next two years, with the service to begin as early as 2012.

The 3C “Quick Start” project is expected involve over 225 Ohio businesses with more than 26,000 employees over the next two years constructing the train service. According to the Ohio Department of Transportation, direct employment of 33 workers and an additional $111 million in potential consumer spending connected with the passenger rail operations are expected to continue over the life of the passenger service, with a potential to add $1.2 billion to Ohio’s economy. In addition, according to studies conducted by the U.S. Department of Commerce, passenger rail systems could potentially result in as many as 8,000 to 11,000 future job opportunities.

In addition to the potential economic benefits, proponents of the rail system also tout the rail system’s positive impact on the environment due to reductions in hydrocarbon emissions, fuel consumption and interstate congestion. There is still a lot of work to do before the train service begins, but the state and federal governments have made significant financial commitments to help make the passenger rail system a success.

Schneider Downs provides accounting, tax, wealth management and business advisory services through innovative thought leaders who deliver the expertise to meet the individual needs of each client. Our offices are located in Pittsburgh, PA, and Columbus, OH

This advice is not intended or written to be used for, and it cannot be used for, the purpose of avoiding any federal tax penalties that may be imposed, or for promoting, marketing or recommending to another person, any tax-related matter.

You’ve heard our thoughts… We’d like to hear yours

The Schneider Downs Our Thoughts On blog exists to create a dialogue on issues that are important to organizations and individuals. While we enjoy sharing our ideas and insights, we’re especially interested in what you may have to say. If you have a question or a comment about this article – or any article from the Our Thoughts On blog – we hope you’ll share it with us. After all, a dialogue is an exchange of ideas, and we’d like to hear from you. Email us at contactSD@schneiderdowns.com.

Material discussed is meant for informational purposes only, and it is not to be construed as investment, tax, or legal advice. Please note that individual situations can vary. Therefore, this information should be relied upon when coordinated with individual professional advice.

© 2019 Schneider Downs. All rights-reserved. All content on this site is property of Schneider Downs unless otherwise noted and should not be used without written permission.