Reality’s often a bitch, so before it happens in Anaheim, here’s a sobering news account from the lefty paper in Portland, Oregon: Streetcar takes another hit with lower-than-expected fare revenue.
Among light rail and urban transit fans, Portland’s considered the poster child for this mega-expensive 19th Century transit technology that breeds traffic congestion. In part, the Oregonian wrote:
…the streetcar is collecting about half the amount of cash in fares as originally projected. This would be a problem no matter the time, but the smaller-than-expected revenue comes as City Council members are digging into bureau budgets trying to find ways to fix Portland’s $25 million budget shortfall. Initially, the Portland Bureau of Transportation had projected the streetcar fares would bring in about $1 million annually — or 11 percent of the $8.9 million operating budget. However, since mid-September, “the fare box revenue are taking in about 55 percent of what had been expected by this time,” according to the analysis.