RandomWalk
Senior Member
- Joined
- Feb 2, 2014
- Messages
- 2,265
- Reaction score
- 2,471
Revenue Anticipation Bonds probably have covenants that would make it untenable to zero out fare box revenue.
Since they first announced AFC 2.0 what seems like 25 years ago, a common sticker-shock retort was "at this point, couldn't they save money by just eliminating fares?" - if that math didn't check out then, it's on track to by the time this goes live.I agree. This whole process of a transition system with both active seems to be a HUGE waste of money. Is fare evasion that widespread to be losing the millions of dollars spent on this system?