UC study: Regional water district would save $23M

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Business Courier of Cincinnati

Transitioning Greater Cincinnati Water Works to a public regional water district would save customers $23 million over the next 10 years.

That’s according to a study from the University of Cincinnati’s Economic Center for Education and Research. The center took a look at the impact of a proposed plan to create the regional district, which would allow the system to add customers and serve additional communities across Greater Cincinnati.

If the transition is approved, the city of Cincinnati will receive an average of $15 million a year for the transfer of Water Works assets. And those additional funds would result in:

• $33.8 million in annual economic activity;

• 300 new jobs and;

• $135,000 a year in Cincinnati earnings taxes.

“The analysis revealed that expansion will keep rates lower, create jobs and have a positive and lasting effect on the local economy,” said George Vredeveld, director of the UC economics center, in a press release.

The study also found that expansions of Water Works over the last 10 years have saved customers $30 million.

The proposal to create the regional water system has been opposed by labor groups, who argued it will lead to higher water rates and fewer employment opportunities for union members.

The city will now submit the plan for court approval. If approved by a judge, the proposal will go to Cincinnati voters for their approval.