With rampant job loss spurred on by the weak U.S. economy impacting New York City, the MTA said this week that subway ridership was down in February. According to numbers released by NYC Transit, February 2009 saw a drop in daily ridership of around 21,000 as compared to February 2008. While this number isn’t nearly as bad as the 98,000-trip decline we saw in January, Transit is now underperforming its fare-box revenue projections by around $3.2 million. The financial news just keeps getting worse for the MTA.
Subway ridership, fare revenue down in February
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