The transit agencies most affected by people working from home will be the ones that have traditionally focused on carrying commuters into city centres. Metrolinx, which oversees the Toronto-area GO Transit commuter network, would not reveal its financials for the current fiscal year, which ends this month. It is expected to report massive losses as a result of ridership that is less than 5 per cent of the system’s prepandemic normal.
The Toronto Transit Commission has said it believes working from home is a permanent phenomenon, and that nearly half of the city’s employees will continue doing so with some degree of frequency.
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Calgary Transit was unwilling to make a projection beyond this year, when the agency thinks it will register an $89-million shortfall.
Vancouver’s Translink is predicting a $500-million range of shortfalls over this year and next, with best-case, middling and worst-case scenarios. Mr. Quinn said this reflects an agency “still very much figuring out the new normal.”
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If that doesn’t happen, higher levels of government could lose patience with annual emergency funding requests and start to demand cost-saving service cuts. Reducing service makes transit less useful, which pushes down ridership and eats into revenue, leading to further calls to cut costs.
The industry term for this is “transit death spiral.”
https://www.theglobe...h-to-financing/
Edited by Victoria Watcher, 22 March 2022 - 09:34 AM.