Sound Transit lowers farebox recovery expecations

An estimated 45% of riders paid to get on the light rail in Seattle according to Sound Transit estimates from 2023. When you tap your Orca card at one of those yellow stands, or maybe you don’t, you’re making a difference to Sound Transit’s bottom line because the organization has been hoping to rely on that revenue to make up 40% of light rail’s operating budget. Last year, only 14% of the budget was covered by fares. It’s an ambitious goal, one that Sound Transit has had since the agency formed in the 90s. Sound Transit’s board says that goal is probably too ambitious. It’s time to revise expectations downwards to reflect the reality of lowered ridership, increasing costs, and rampant fare evasion. Guest(s): Ryan Packer, contributing editor at The Urbanist. Related Links: The Urbanist: Sound Transit Lowers Farebox Recovery Goals, Opens Door to Fare Capping, Is Sound Transit Closing In on Fare Gates for Link and Sounder?  See omnystudio.com/listener for privacy information.