Please note, public transportation does not operate at a profit. Externalities, including the beneficial imp[act of congestion mitigation, improved air quality and economic development, support tax funding.
f. Maintenance Capital – What is the annual maintenance capital? – ex: spares, etc. to maintain the fleet
This amount is included in 3.b.
g. Interest expense - $908 million * what interest?
The $908 million loan from the U.S. Department of Transportation has an interest rate of 2.98%.
---Projects cost +$108 million? Dart board member did not know why?
--Revenue $3.5 million vs $44 million operating & interest cost? How ever pay back the loans?
--Ridership - Why annualize first free day of rides? That is not logical. Texrail declined 60%+ from free 1st month & never recovered!
--Their trips in FEIS vs this 1st day annualize is different. 1.35 million vs 2.0 million? Why
--I still calculate $33 cost per RIDE! $44 million / 1.35 million annual rides per FEIS.
--I think this will be higher since ridership forecast is too HIGH.
--Texrail 1st 6 months = 280,000 total one-way rides! Or ~1,500 one-way rides per day vs exit of 8,000! Who forecasts this?
--Uber is cheaper & quicker!