Caltrain data shows path to bankruptcy without electric railroad
"Declaring an electric railroad its only chance at salvation, Caltrain officials on Thursday released the most-detailed projections yet of the rail line's bleak financial picture: $47 million in debt next year — with a gap that will grow by about $1.6 million a year.
"With electric trains, Caltrain could expand commute-time service and collect 49 percent more money while keeping expenses roughly flat, according to a new financial forecast the agency compiled at the request of the Bay Area News Group."
Includes local TV news video with operations scenes and HSR animation.
"Declaring an electric railroad its only chance at salvation, Caltrain officials on Thursday released the most-detailed projections yet of the rail line's bleak financial picture: $47 million in debt next year — with a gap that will grow by about $1.6 million a year.
"With electric trains, Caltrain could expand commute-time service and collect 49 percent more money while keeping expenses roughly flat, according to a new financial forecast the agency compiled at the request of the Bay Area News Group."
Includes local TV news video with operations scenes and HSR animation.