Rep. John Ley breaks down TriMet's financial collapse — $6.4 billion in operating losses over a decade, ridership 30 percent below 2019 levels, and cash reserves projected to run dry in May 2029. Oregon voters rejected a taxpayer bailout 83-17. The IBR's light rail component carries a $3.5 billion price tag, and phase one doesn't even include trains, tracks, or stations. https://www.clarkcountytoday.com/opinion/opinion-will-trimet-be-around-to-operate-the-ibrs-light-rail/ #TriMet #IBR #LightRail #TransitFunding #ClarkCounty #WashingtonState #Oregon #PublicTransit #Transportation #Opinion
---