Courtesy of Tom Bazan:
Metro’s June fare box revenue declined rather dramatically. In June 2004, fare revenue was $3,724,140.00. In June 2005, fare revenue was $1,936,783.06!
Also, Metro says overall ridership increased 1.13% from the previous year and bus ridership declined 1.72%.
Once again we see why Metro likes to tout ridership numbers (but are those numbers accurate?) as opposed to revenue. Metro Vice President John Sedlak recently claimed that MetroRail ridership is “booming.” If he said something about Metro’s fare revenue, it wasn’t included in the story.
RELATED: The black hole that is Metro (bH); State performance audit (Metro publications)
