Kevin Killeen (@KMOXKilleen)By Kevin Killeen

ST. LOUIS (KMOX) – Operators of the yet-to-open Loop Trolley say they still have confidence in the project — despite a half-million dollar budget shortfall.

Blame the shortfall on construction cost overruns, says Les Sterman, president of the not-for-profit Loop Trolley Company that would operate the trains.

029 Loop Trolley Operator Looking for Money

Les Sterman, President of the Loop Trolley Company, says it will not be a money pit. (Kevin Killeen/KMOX)

“Due to all the delays and other circumstances, some of which were beyond anybody’s control, we will not have sufficent monies to both start up the operation and keep it going for some period of time,” Sterman said.

Sterman says they’ll be asking St. Louis city and county, University -City and private donors for more money.

A spokesman for St. Louis County says the county has already given the project $3 million in taxpayer money, and they would encourage trolley operators to seek more funding elsewhere.

Follow us on Twitter | Like us on Facebook

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS St. Louis

Shop KMOX Apparel
KMOX Podcasts
High School Spotlight

Listen Live