718
[image] Sometimes it feels like folks in US would build anything but efficient transit 🤦
(slrpnk.net)
this post was submitted on 14 Dec 2024
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That $75 million figure made my bullshit detector start to squawk, so I did the math. The web site says it has a capacity of 4,400 visitors per hour, and assuming $3.75 per ride (if nobody gets the daily pass for $5), it only has to operate at maximum capacity all hours of the day and night, 24/7, for 6 months to bring in that amount of revenue.
So if the profit margin is 50%, the Vegas Loop can make $75 million in a year of continuous operation at 100% capacity. Seems legit. /s
I'm sure they meant 75m gross, at best.
Which, even if that's true, I'm still laughing at him because it hasn't fixed the traffic.
no, what he forgot to count were the state subsidies that pay for all of the expenses including building and operating costs and supplement the profit so that it makes it worth it for the investors to even bother in the first place