That's the good kind of wealth transfer. Back into your pocket. So if all those folks filling up the lot at I-485 at the South End of the line saved $75 a month. That is $900 a year. No chump change for sure. It comes out to $672,000 a year in people's pockets. Or $20 million over the 30 year life of the vehicles. And that's just one station. Think about the folks who get rid of cars in the South End or Uptown Charlotte. Big money...for real people.
We talked with several riders who say gas prices and convenience have prompted them to give light rail a try, opting to pay $2.60 for a round trip ticket, rather than a gas guzzling trip to work.
“I did an analysis of it and I save $150 a month, not have to pay to park and drive my SUV uptown,” said Tim Gray, who has been riding light rail since its launch in November.
“I think I'm saving $75 to $100 a month. It really adds up,” said Bernice Parenti, who started riding a month ago.
Wednesday, June 4, 2008
It's All About the Benjamins
Example 1: Charlotte