Metro is reporting that the huge February snowfall has cost them almost $18 million dollars. The bulk of that, $9.7 million, is due to reduced ridership because the system was barely operational and only underground during the double blast of snow.
Metro is working with area governments to try and recoup the costs through federal disaster aid, said Carol Kissal, Metro’s Chief Financial Officer.
In addition to the almost $10 million in lost revenue, snow removal and overtime cost the agency $8 million. And revenue losses continue to mount from unusable parking spaces that are still unplowed.
The December snow storm cost Metro $2.7 million, and had already pushed the system beyond it’s annual snow removal budget of $2.5 million.
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Good. Metro needs as much money as it can get without raising rates
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