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Northstar

September 17, 2010

Northstar Running An Operating Deficit of More Than $1 Million a Month

Good Deal for Riders Leads to $7.5 Million Subsidy So Far This Year The Northstar Commuter Rail line between Big Lake and Minneapolis has run up an operating deficit of more than $1 million per month so far this year, according to figures obtained by the Freedom Foundation of Minnesota.  Newly available statistics show Northstar passengers have paid about 17 percent of the actual cost of …

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September 17, 2010

FFM Bulletin 9/17/10

Northstar Commuter Rail runs operating deficit of $1 million per month According to new financial and ridership figures obtained by the Freedom Foundation of Minnesota, taxpayers are taking a $1 million-a-month hit to cover the operating deficits of the Northstar Commuter Rail line. Despite projections that passenger fares would cover 20% of Northstar’s operating costs, as …

[Read more...] about FFM Bulletin 9/17/10

July 16, 2010

FFM Bulletin 7/16/10

City of Ramsey throws good money after bad Since its inception, the Ramsey Town Center “economic development” project has been a spectacle for all the wrong reasons. During the life of the project, the RTC has faced a defaulted loan due to mismanaged funds, three indictments of bankers involved in the project, bankruptcy, and foreclosure. …

[Read more...] about FFM Bulletin 7/16/10

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