In case anyone believes that transit advocates haven’t completely lost their grip on reality, take a look at Memphis. The new CEO of the Memphis Area Transit Authority (MATA) has “discovered” a $60 million deficit in the agency’s budget that “prior leadership was unaware of.”
Memphis’s transit agency can’t afford to keep its streetcars running and has a $60 million deficit, so naturally people want to build a monorail or light-rail system. Photo by Charles Phillips.
How can you not be aware of a $60 million deficit? According to the new CEO, before she took the job, “MATA’s executive leaders did not have access to the company’s detailed financials.” Why not? How could anyone claim to be a leader and not demand access to financial information for the entity they were supposedly leading? Continue reading
