Tuesday, March 25, 2014

METRO IS RAISING FARES FOR 2.5 MILLION ADDITIONAL REVENUE PER YEAR

Metro needs 2.5 Million more per year, for the next two years, in order to continue operating at the current service level.

NO INCREASE IN SERVICE
NO GUARANTEES THAT SERVICE WILL CONTINUE, AND NO PLANS TO IMPROVE SERVICES

http://optinstl.blogspot.com/2014/03/public-hearing-for-proposed-fare.html

They have proposed three options to get this money.

Option 1:
   .25 more per each Metrolink base fare
 1.00 more per each weekly pass
 8.00 more per each monthly pass
15.00 more per each semester pass

Option 2:
  .25 more per each Metrolink base fare
 2.00 more per each weekly pass
 6.00 more per each monthly pass
25.00 more per each semester pass

Option 3:
  3.00 more per each weekly pass
  8.00 more per each monthly pass
25.00 more per each semester pass

They offer no explanation of how each of these individual options will generate that extra 2.5 million a year. Each option relies on different commuter fares. 

There is no breakdown of how many train tickets are purchased every day, and no projected analysis of how the fare changes would affect their customers purchases.

(If the fare increase causes a weekly pass buyer to upgrade to a monthly pass, in Option 2, for instance, it means roughly $2 less in revenue for Metro for that month.  The increase in pass prices, though, will likely mean that some people will not buy passes and use the bus more, but pay the more expensive cash fare each time, but for fewer rides.)

There is also no guarantee that we won't be hit again with service reduction. 

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