Owned by the Loop Trolley Transportation Development District and operated by The Loop Trolley Company, a 501(c)(3) nonprofit, the Loop Trolley promotes connectivity, environmentally-friendly transportation and pedestrian-friendly neighborhoods to enhance quality of life, increase tourism, and help spur economic development.

The Loop Trolley was one of 6 projects to be awarded an Urban Circulator Grant from the Federal Transit Administration. Additional funding was secured through the Congestion Mitigation & Air Quality improvement program (CMAQ), the Surface Transportation Program (STP), support from regional governments and organizations, and Sales Tax proceeds from the transportation development district itself.