UPX subsidy is as bad as you thought

The details of the provincial subsidy to the UPX have been released. Every rider on the ill-fated executive-express train cost you, dear taxpayer, $52.

That’s $52 after fares and other revenue—in total, each airport traveller cost $84 to move. It would have been much cheaper to shuttle each rider individually in a luxury sedan.

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The good news, though, is that that is all over, and ridership is going gangbusters—still climbing fast four months after the fares dropped.

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Alas, the train is still losing money. To break even, it needs “about 28,500 riders per day, roughly 3.5 times the current level of demand”—assuming that they don’t cut cut costs.

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Author: Adam Norman

I am raising my two children in Weston.