Meanwhile, the deal isn't necessarily great for the TTC. If the roughly 200,000 college and university students in the city approve the deal, it will add up to $100 million in revenue for the TTC every year.
On the other hand, the TTC calculates it will lose millions of dollars paying for additional costs, including staff and equipment, if the U-Pass plan is successful.
TTC has deal for U'sThe catch? Nobody gets to opt out |
It's being pitched as a great deal for students.
The Toronto Transit Commission is offering the city's college and university students unlimited transit travel during the school year for $60 a month -- a 35% savings over the current student Metropass.
However, like all deals, there are catches and fine print.
The U-Pass proposed by TTC Chairman Adam Giambrone and Mayor David Miller will cost students $480 per year. That's more than double the cost of most other U-Pass programs offered by transit agencies in North America, a Sun survey of similar fare plans has found.
Full Story
No comments:
Post a Comment