5 ms·

Well, just to throw in this consideration, how much is Uber going to cost the MTA?

• icebraining 11y ago
  Aren't tickets subsidized? At least around here, every time the workers strike the company's balance sheet gets a boost.
  • fredkbloggs 11y ago
    Farebox recovery is somewhere in the 30% range, maybe a little less. That means somewhere between 2/3 and 3/4 of the cost of operating Muni is a direct subsidy from the taxpayers, or that in order to eliminate the subsidy, tickets would have to cost about $8 (without loss of ridership). Most of that cost is due to the extremely labor-friendly CBA that's in place, but equipment maintenance and the negative effects of past deferred maintenance are significant contributors as well. It's likely that NYC's MTA is similar.