What the hell do they do with all that revenue??? It's not as though they would need it all for maintenance and running the two viewpoints and the visitors' center, right? RIGHT???
A while back I looked at San Francisco revenue.
It listed the Golden Gate bridge as a source.
I didn’t run into that today, but then I didn’t look for it either.
This money is not solely being used for the bridge.
It’s a revenue source for the city, Leftist programs...
Here’s an old Budget Report
Good luck making heads or tales of it.
These things always seem to be provided with the idea that all the information will be provided, so they can say they operated transparently open and above board, in such a way that you’ll have a very hard time of making quick simple sense of it.
How hard would it be to provide this:
Reveue: X
Expenxe: X
Profit/Loss: X
Should take three short sentences max.
Pages 18 & 19 seem to reveal that the bridge does eat up most of it’s fares.
I’m not sure if that’s Hollywood Movie Studio accounting, or straight business accounting.
Let’s recall that the bridge paid for itself and repaid the cost of the bridge prior to the initial bonds being paid off. If in those days the bridge was generating enough profit to pay for operating expenses and pay off the cost of those bonds, why can’t it show a larger profit today?
My suggestion is that the bus fleet is the reason. The bridge and various modes of transportation are lumped into the Golden Gate district.
Look at the transportation costs related to fairs.
Then you see government grants. Is that slight of hand moving funds around from the bridge?
I’m not nearly as convinced the bridge eats up it’s total revenues, as the creators of this report seems to be.
http://goldengate.org/organization/documents/fy12-13-adoptedbudget.pdf