Zim: What I find interesting . . . is that light
rail is NOT even paying for its operating costs.
And, what it really ought to be doing is paying
for its development and construction costs . . . .
Light rail’s early success means city is paying less
http://www.gohrt.com/light-rails-early-success-means-city-is-paying-less/
After two months of service, Norfolk is providing a significantly smaller subsidy for light-rail operations than anticipated.
Ridership has outpaced projections and operating costs are lower than budgeted, which means city taxpayers don’t have to kick in as much to keep The Tide running – for now.
In the first two full months of revenue service, September and October, fare collections have covered 15 percent to 19 percent of operating costs.
(Article does continut.)
Zim: With fares covering less than 20% of operating
costs . . . just who does one think is paying
the other 80%?
| 
