LAS VEGAS — The Strip is a prime location for a light-rail system because farebox revenue generated by the system would likely pay for operation and maintenance as well as some of the cost of building it, the Las Vegas Review Journal reported.
David Swallow, a senior director with the Regional Transportation Commission of Southern Nevada, told the Las Vegas Convention and Visitors Authority board of directors Tuesday that bus fares from routes along the Strip represent about 34% of all transit revenue and that the Strip line far outperforms most public transit systems, the report said.
Swallow told the board that 40,000 riders — roughly 23% of the daily ridership on the entire system — ride buses along the Strip every day. In the U.S., transit farebox pays about 27% of the operational costs of a system on average. In Southern Nevada, it pays about 50% of costs, according to the Review Journal.
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