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| Re: [ARTICLE] Bob Diamond Leaving Brooklyn (974576) | |||
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Re: [ARTICLE] Bob Diamond Leaving Brooklyn |
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Posted by BMTLines on Fri Sep 3 09:30:36 2010, in response to Re: [ARTICLE] Bob Diamond Leaving Brooklyn, posted by arnine on Fri Sep 3 00:32:34 2010. When the takeover happened I remember a DOT rep at a local community meeting saying the subsidy rates for each company was the same. It wasn't a set amount in $$ but a % of the entire pot based on the amount of routes and size of each company which means Cooper received 47% of the pot if my math is ok.That is a very bad formula to begin with since it does not take into account actual operating costs on a per-company basis. The public utility formula where each company is guaranteed a return on investment makes more sense if you are going to regulate fares. Since we do not know the cost structure and other factors that went into each company's operations it is very difficult to say that the amount of money the Cooper companies received was sufficient. Why did the city refuse to allow the companies a fare increase but granted it instantly to the MTA - I call that hypocrisy and one of the reasons I will stand by my opinion that the companies were treated unfairly The MTA deserves no special praise for improving service since given double the subsidy and double the fare I believe that ANYONE could have accomplished the same thing |
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