Re: (erielack) RE: commuter rail-

[AL TILLOTSON <"CPLNAJT_@_njtransit.state.nj.us">]

I don't have Roger Grant's EL history handy at my desk, but I swear there's a
quote in there in which an official says something to the effect "the commuter
losses were taken care of"- I'll check tonite and get back.

AJT

>Al, 
>I read your post with interest detailing the ELs commuter subsidy from NJ,
etc.
>
>The figures I recall for the EL passenger losses from the late 60s' 
>was (as I remember it put as) 
>"the burgeoning losses from passenger service 
>had run a deficit of some 8 million dollars per year".
>
>Looking for some validity if this figure, we all know it was a large loss.
>
>Charlie
>At 09:17 AM 05/18/99 -0400, AL TILLOTSON wrote:
>>New Jersey's operating subsidy payments to the EL (and other railroads) date
>>back to at least 1961, when over $2 million in subsidy payments were made to
>>the EL (that's about $11.5 million in "today" dollars).  The amounts
increased
>>dramatically in the late 1960's, and capital equipment purchases started
>>thereafter too (like the U34's).  I recall EL officers quoted to the effect
>>that NJ commuter service was not a financial issue from the late 60's on.
>>


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