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Podcast: Cascade CounterPoint
Episode: QP TriMet Should Focus on Crisis, Not Expansion
Description: TriMet has a Board Retreat this week. Looking at their agenda, the first thing youâd notice is whatâs missing. You wonât find any urgency to address their financial declineâor touch on operating losses of $850 million in 2024.The only agenda items to mention money are the âFinancial Scorecard Updateâ and âFederal Grants Update.â But TriMetâs problems go far beyond keeping score of revenue and expenses.According to financial reports, every metric related to productivity, cost-effectiveness, and financial sustainability has declined for 10 years.Fare revenueâdown 52 percent; rides down, 28 percent; farebox recovery dow...