@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
Trimess
Monday, March 18, 2013
IT COSTS THIS MUCH TO HAVE A TVM?
Then why the hell are they not employing REAL LIVE people instead! They could use real people with real benefits for less than it costs for those unreliable machines! Another Trimet cluster fuck.
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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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