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To: MeganC
With the JPA running things they’re now recapturing 40% of costs in fares

So the taxpayers cover 60% of the cost.

How can you call that financially sound?

62 posted on 03/10/2011 10:24:37 AM PST by been_lurking
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To: been_lurking; VeniVidiVici

Where the bill for expanding I-80 ($7 billion in 1989 dollars) was coming out of California transportation funds and the rail subsidies were, too, the rail proposal was considered a net-savings to the California taxpayer with only 12% of the costs recaptured at the fare box.

Instead, it’s recapturing 40% of costs at the fare box which is then a net savings against the alternatives. Widening I-80 today would cost $12 billion to do the same thing that the trains did for only $23 million last year.


66 posted on 03/10/2011 10:49:42 AM PST by MeganC (Soli Deo Gloria)
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