The report discusses the reasons why public assistance to urban transit properties is often very necessary. A financial analysis is made of the Washington Metropolitan Area Transit Authority's (WMATA or METRO) rail system presently under construction. Ways to relieve deficits are idenfified. A formula is devised to see how the financing of such deficit might be allocated among the 3 major political jurisdictions in the area: the District of Columbia, Virginia and Maryland. The proposed formula is based on service, ridership and population characteristics of each of these areas. The analysis is theoretical and designed to offer local transportation planners thought and tools in case operating deficits arise. Political problems and jurisdictional conflicts are alluded to but not discussed in detail.
Subsidization of Transit Operating Costs: A Case Study of Metro
1973
45 pages
Report
No indication
English
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