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Re:Salim Kara stole $2M in coins with a magnet and a car ant... by toogan on Tuesday January 02, 2024 @05:04AM (#38840012)
It would also mean that with him stealing $2.4M, their total proceeds over 13 years were $12M which is less than $1M a year to run their whole LRT.
Re:Salim Kara stole $2M in coins with a magnet and a car ant... by tgsovlerkhgsel on Tuesday January 02, 2024 @05:38AM (#38840230)
While I also doubt the numbers, $1M in fare revenue != $1M in operating cost. Most public transit systems are heavily subsidized.

That said, https://edmontonsun.com/opinion/columnists/gunter-edmonton-t... gives much higher numbers operating costs and fare revenues.

> In a report released Tuesday, Wiun revealed the cost to operate Edmonton Transit went from $105 million a year in 2000 to $327 million last year.

Maybe a lot of the revenue comes from transit passes and/or card payments and the 20% are supposed to represent only tickets sold for cash?

Edit: Just saw the year, so you'd have to adjust that for inflation again too, but credit cards likely weren't a thing for transit passes.

Re:Salim Kara stole $2M in coins with a magnet and a car ant... by stravant on Tuesday January 02, 2024 @05:45AM (#38840267)
Probably 20% of _coin fares_. Most people pay with pre-purchased tickets or have a transit pass.
Re:Salim Kara stole $2M in coins with a magnet and a car ant... by walthamstow on Tuesday January 02, 2024 @05:11AM (#38840069)
Something doesn't add up. At his 38k CAD salary as a repairman, the entire budget of the LRT would pay for just 26 repairmen? What about the drivers, electricity, maintaining old and buying new trains?
Re:Salim Kara stole $2M in coins with a magnet and a car ant... by animex on Tuesday January 02, 2024 @05:58AM (#38840332)
The scope/scale of the Edmonton LRT in 1981 was tiny...a single leg starting from downtown past our two stadiums (football & hockey) and finally to a neighborhood in the northeast. Primarily built to coincide with the 1978 Commonwealth Games.

From Wikipedia: The LRT system had an estimated 18,220 weekday passenger boardings in 1978.

If I remember correctly fares ranged somewhere between 35-65 cents in those days.

Re:Salim Kara stole $2M in coins with a magnet and a car ant... by pcthrowaway on Tuesday January 02, 2024 @05:25AM (#38840138)
I don't know about Edmonton/Alberta, but provincial and municipal transit in British Columbia and Vancouver (which is a separate entity but likely still benefits from provincial resources) are subsidized with taxpayer money. Fare collection supposedly makes up a minority of the funding for Vancouver's transit system.

Also, with 68 fare machines in the city in 1978, how many repairmen do you really need?

Re:Salim Kara stole $2M in coins with a magnet and a car ant... by Scoundreller on Tuesday January 02, 2024 @11:55AM (#38843787)
Heh, every Toronto subway station is manned, you can imagine what that does to costs. Often multiple entrances = multiple booth staff.

Going to unmanned and paying someone a premium to rapidly respond and fix machines 24/7 would be a massive cost reduction.

Re:Salim Kara stole $2M in coins with a magnet and a car ant... by _whiteCaps_ on Tuesday January 02, 2024 @12:18PM (#38844095)
We don't even have drivers for our trains in Vancouver.
Re:Salim Kara stole $2M in coins with a magnet and a car ant... by Scoundreller on Tuesday January 02, 2024 @12:34PM (#38844327)
Newer system. But technically with the upgrades in Toronto, they should be able to run driverless.

Recently discontinued Scarborough Rapid Transit could have been driverless, but still wasn’t.

Toronto’s will have both a driver and and an on-train “guard” person to look out the window to make sure nobody is trapped in the door or something. Might get eliminated tho: https://www.newswire.ca/news-releases/toronto-says-no-to-ttc...

Re:Salim Kara stole $2M in coins with a magnet and a car ant... by toogan on Tuesday January 02, 2024 @05:19AM (#38840105)
The article's author probably just messed up the math somewhere. According to wikipedia, there were 18,220 daily rides in 1978 on the Edmonton LRT. If he got $900 daily and that's 20%, then there were a little under $5000 proceeds daily, so each ride would have only brought in about $0.25.
Re:Salim Kara stole $2M in coins with a magnet and a car ant... by Detrytus on Tuesday January 02, 2024 @07:33AM (#38840967)
I guess most people who ride rail frequently have monthly passes, only those who use it occasionally have to buy tickets at the ticket machine. Also, isn't 25 cents a reasonable price for a single ticket, given that this was 1981?