"First they ignore you. Then they laugh at you. Then they fight you. Then you win." ~Mahatma Gandhi
@engineerscotty @apmargulies @atu757pdx @trimet According to white paper, a combination -- TVM cost $4.7 mil/year, $2.5 mill for maintenance— Joseph Rose (@pdxcommute) March 19, 2013
@engineerscotty @apmargulies @atu757pdx @trimet According to white paper, a combination -- TVM cost $4.7 mil/year, $2.5 mill for maintenance
No, that's for all TVMs. Read the white paper -- again, it's making the case for ELIMINATING TVMs."TVMs operating and capital costs are $4.7 million a year to collect $17 million in fares, a 28% cost of collection. If these $17 million in fares were sold through outlets, it would cost about $1.0 million, $3.7 million less than the cost of selling these fares through TVMs.Almost 75% of the costs of collecting fares at TVMs are related to the actual TVM equipment. Over half (53%) of the cost– or $2.5 million a year – is from the cost of maintaining the fare equipment, while capital depreciation accounts for about 22% of the cost of collecting fares from TVMs."Here's how much it costs to collect your fare by various means:Farebox: 10%(money room, armored transport, bank fees, farebox maintenance)TVM: 28%(credit card fees, maintenance)Retail outlet (i.e. tickets from grocery store): 6%(printing tickets, cut given to the retail outlet)U-Pass (i.e. the sticker for your company): 1%(stickers, program administration)So if we can get most people to use their phone or other means to buy a ticket, TriMet can save A TON.
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