I’ll be on Bob Clark’s show on 770 KKOB on Friday morning from 9am to 10am to discuss the Rail Runner and our recent paper which outlines reasons to shut the train down.
There are surely going to be at least a few critics and one of their critiques will likely be the old saw that “no transit system makes money,” so why should we worry that fare box revenues cover only 13% of the system’s costs. Well, I found this interesting data online which shows the various revenue/expense ratios associated with various transit systems nationwide and worldwide. Surprisingly enough, some systems overseas do better than break even and no system is as costly as the Rail Runner.
Call in and share your thoughts about the Richardson Railroad!