Credit Crunch Impacts Transit

[WhoozOn1st]

MTA might have to cut transit service

"It may not be able to keep trains and buses running if it faces big payouts in AIG-related lease-back deals."

As the article notes, the problem is not confined to Los Angeles. A caveat: The story kinda mixes MTA and Metrolink. Though they may face similar issues they are separate agencies.

 

[twoaday]

It looks like this issue could impact numerous transit agencies so hopefully they'll work something out before these problems spread.