The line would have connected with the Sun Trolley buses reaching additional neighborhoods, beaches, Las Olas Boulevard, Tri-Rail, and the Fort Lauderdale Airport.

Broward County Transit (BCT) had committed to operating the system for the first 10 years at an expected annual cost of $2 million, and had guaranteed funding to cover any shortfall in ridership revenues.

[5] The construction cost of $50 million per mile was considerably higher than other recently built streetcar projects, in part due to the challenges of building an electric transit system over the 3rd Avenue drawbridge.

In July 2013, the Fort Lauderdale city commissioners approved a tax on downtown property owners, providing the final part of funding needed for the project's construction to begin.

[2] In September 2017, BCT placed an order with Siemens for five streetcars for the Wave, at a total cost of $31.4 million,[6][7][8] including a supply of spare parts.