Old Town Scottsdale proprietors call into question fixed-rail push

by John Washington on April 6, 2016

Korte-headshotWe need to have this conversation about connectivity to the rest of the Valley. But in the last 10 years, like it or not, Light Rail is a success story.

City Council member (and incumbent candidate) Virginia Korte

 

Rail transit will never earn enough from riders to cover its costs. Valley Metro estimates that its Light Rail will incur an incremental cost of over $13 per passenger boarding.

Fares are expected to cover less than 10 percent of this cost. Taxpayers will be required to cover the rest. The losses and burdens Scottsdale residents will bear are permanent in nature.

Old Town Scottsdale property owner Richard Garcia of Garcia Realty Advisors

 

So it all depends on how you define “success.” Korte and her cronies don’t want to talk about cost of construction and untold economic damage DURING construction. They don’t want to include ongoing, massive operating losses and the taxpayer-funded subsidies that are required to make up the difference.

Did I mention that Korte is up for reelection this fall?

Source: Old Town Scottsdale proprietors call into question fixed-rail push

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