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	<title>Comments on: The Wall Street Tax Shelter That Crashed Your Local Transit Agency</title>
	<atom:link href="http://la.streetsblog.org/2009/06/26/the-wall-street-tax-shelter-that-crashed-your-local-transit-agency/feed/" rel="self" type="application/rss+xml" />
	<link>http://la.streetsblog.org/2009/06/26/the-wall-street-tax-shelter-that-crashed-your-local-transit-agency/</link>
	<description>Covering Los Angeles&#039;s livable streets movement</description>
	<lastBuildDate>Sat, 21 Nov 2009 21:23:58 -0800</lastBuildDate>
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		<title>By: Wad</title>
		<link>http://la.streetsblog.org/2009/06/26/the-wall-street-tax-shelter-that-crashed-your-local-transit-agency/comment-page-1/#comment-8421</link>
		<dc:creator>Wad</dc:creator>
		<pubDate>Sat, 27 Jun 2009 23:59:33 +0000</pubDate>
		<guid isPermaLink="false">http://la.streetsblog.org/?p=2741#comment-8421</guid>
		<description>Frank, I was talking about the RTS bus model specifically. It had to do with the fiasco of the methanol experiment in the early and mid-1990s.</description>
		<content:encoded><![CDATA[<p>Frank, I was talking about the RTS bus model specifically. It had to do with the fiasco of the methanol experiment in the early and mid-1990s.</p>
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		<title>By: Randall BusTard</title>
		<link>http://la.streetsblog.org/2009/06/26/the-wall-street-tax-shelter-that-crashed-your-local-transit-agency/comment-page-1/#comment-8411</link>
		<dc:creator>Randall BusTard</dc:creator>
		<pubDate>Sat, 27 Jun 2009 23:15:12 +0000</pubDate>
		<guid isPermaLink="false">http://la.streetsblog.org/?p=2741#comment-8411</guid>
		<description>I feel that what may be missing from is the mention of the AIG fiasco, which is the SILO agreement that helped get Metro into its mess. What little transit trouble Measure R might have mended, has been greatly offset by the AIG scandal—one about which former Metro CEO Roger Snoble knew was coming and which may well have been why he elected to not only retire early, but leave office even earlier than what he originally announced. 

The AIG snafu was neither accidental nor unannounced, although those who attempted to warn of the impending disaster were publicly chastised by many L.A. transit advocates that have since come round to exhibiting some hindsight as if they were the only ones with any foresight. But the Metro SILO deal with AIG was done back when everyone thought nothing would ever happen, that real estate would perpetually expand, that they would always have multiple motor vehicles, that they would never have to ride the shame train. Now it is too late, and as more and more people struggle to hold on to their cars as homes (meaning they are living in them) and the CA unemployment rate rises almost exponentially (the only ones counted as &quot;unemployed&quot; are those who demean themselves and waste great amount of time standing in line at the welfare offices—and don&#039;t think Detroit cannot happen in L.A.) to 12% as admitted by the government, the shame train is being wrecked by years of collective neglect even as it has become a national issue. 

Welcome aboard—now get out and push.</description>
		<content:encoded><![CDATA[<p>I feel that what may be missing from is the mention of the AIG fiasco, which is the SILO agreement that helped get Metro into its mess. What little transit trouble Measure R might have mended, has been greatly offset by the AIG scandal—one about which former Metro CEO Roger Snoble knew was coming and which may well have been why he elected to not only retire early, but leave office even earlier than what he originally announced. </p>
<p>The AIG snafu was neither accidental nor unannounced, although those who attempted to warn of the impending disaster were publicly chastised by many L.A. transit advocates that have since come round to exhibiting some hindsight as if they were the only ones with any foresight. But the Metro SILO deal with AIG was done back when everyone thought nothing would ever happen, that real estate would perpetually expand, that they would always have multiple motor vehicles, that they would never have to ride the shame train. Now it is too late, and as more and more people struggle to hold on to their cars as homes (meaning they are living in them) and the CA unemployment rate rises almost exponentially (the only ones counted as "unemployed" are those who demean themselves and waste great amount of time standing in line at the welfare offices—and don't think Detroit cannot happen in L.A.) to 12% as admitted by the government, the shame train is being wrecked by years of collective neglect even as it has become a national issue. </p>
<p>Welcome aboard—now get out and push.</p>
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		<title>By: Frank d</title>
		<link>http://la.streetsblog.org/2009/06/26/the-wall-street-tax-shelter-that-crashed-your-local-transit-agency/comment-page-1/#comment-8341</link>
		<dc:creator>Frank d</dc:creator>
		<pubDate>Sat, 27 Jun 2009 17:06:32 +0000</pubDate>
		<guid isPermaLink="false">http://la.streetsblog.org/?p=2741#comment-8341</guid>
		<description>I live near the Metro Orange Line. I think it&#039;s ruined my community (mainly because of the giant intersections) but that&#039;s another story. I&#039;d be interested to know why Wad says &quot;L.A. played a huge part in killing off the bus.&quot;   Is it the lack of hours of service? I tried taking the bus to school (CSUN) during 2008 and had to walk 5 miles on 4 separate nights--one time was in heavy rain--because the buses had stopped running.</description>
		<content:encoded><![CDATA[<p>I live near the Metro Orange Line. I think it's ruined my community (mainly because of the giant intersections) but that's another story. I'd be interested to know why Wad says "L.A. played a huge part in killing off the bus."   Is it the lack of hours of service? I tried taking the bus to school (CSUN) during 2008 and had to walk 5 miles on 4 separate nights--one time was in heavy rain--because the buses had stopped running.</p>
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		<title>By: Wad</title>
		<link>http://la.streetsblog.org/2009/06/26/the-wall-street-tax-shelter-that-crashed-your-local-transit-agency/comment-page-1/#comment-8281</link>
		<dc:creator>Wad</dc:creator>
		<pubDate>Sat, 27 Jun 2009 02:01:53 +0000</pubDate>
		<guid isPermaLink="false">http://la.streetsblog.org/?p=2741#comment-8281</guid>
		<description>Erik G. wrote:

&lt;i&gt;And yes, the Metro RTS fleet needs to go!&lt;/i&gt;

They&#039;re on the way out, though I&#039;ll be sad to see them go. The 1200s were the very last sets of buses the RTD bought. The 1200s also represent what had become the decline and now coma of the RTS line. L.A. played a huge part in killing off the bus, well before low-floor buses gained a market foothold.</description>
		<content:encoded><![CDATA[<p>Erik G. wrote:</p>
<p><i>And yes, the Metro RTS fleet needs to go!</i></p>
<p>They're on the way out, though I'll be sad to see them go. The 1200s were the very last sets of buses the RTD bought. The 1200s also represent what had become the decline and now coma of the RTS line. L.A. played a huge part in killing off the bus, well before low-floor buses gained a market foothold.</p>
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		<title>By: Erik G.</title>
		<link>http://la.streetsblog.org/2009/06/26/the-wall-street-tax-shelter-that-crashed-your-local-transit-agency/comment-page-1/#comment-8231</link>
		<dc:creator>Erik G.</dc:creator>
		<pubDate>Fri, 26 Jun 2009 23:43:09 +0000</pubDate>
		<guid isPermaLink="false">http://la.streetsblog.org/?p=2741#comment-8231</guid>
		<description>Wad,

Thanks.  I knew it was something between 8 and 12. 

And yes, the Metro RTS fleet needs to go!</description>
		<content:encoded><![CDATA[<p>Wad,</p>
<p>Thanks.  I knew it was something between 8 and 12. </p>
<p>And yes, the Metro RTS fleet needs to go!</p>
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		<title>By: Wad</title>
		<link>http://la.streetsblog.org/2009/06/26/the-wall-street-tax-shelter-that-crashed-your-local-transit-agency/comment-page-1/#comment-8161</link>
		<dc:creator>Wad</dc:creator>
		<pubDate>Fri, 26 Jun 2009 22:07:28 +0000</pubDate>
		<guid isPermaLink="false">http://la.streetsblog.org/?p=2741#comment-8161</guid>
		<description>Erik G. wrote:

&lt;i&gt;One of the benfits of rail transit is the ability to keep rolling-stock in service for an average 40 years, unlike buses which rarely last more than 8 years.&lt;/i&gt;

FTA requires all buses purchased with its money to last 12 years. Most agencies, like Metro, tend to keep them around a few years longer than that.</description>
		<content:encoded><![CDATA[<p>Erik G. wrote:</p>
<p><i>One of the benfits of rail transit is the ability to keep rolling-stock in service for an average 40 years, unlike buses which rarely last more than 8 years.</i></p>
<p>FTA requires all buses purchased with its money to last 12 years. Most agencies, like Metro, tend to keep them around a few years longer than that.</p>
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		<title>By: Erik G.</title>
		<link>http://la.streetsblog.org/2009/06/26/the-wall-street-tax-shelter-that-crashed-your-local-transit-agency/comment-page-1/#comment-8071</link>
		<dc:creator>Erik G.</dc:creator>
		<pubDate>Fri, 26 Jun 2009 20:47:53 +0000</pubDate>
		<guid isPermaLink="false">http://la.streetsblog.org/?p=2741#comment-8071</guid>
		<description>These 1000-series Rohr cars were completely rebuilt by Breda (now Ansaldobreda) from 1993 to 1996.  After this rehab they were good as new, and so must be considered to be only 13 to 16 years old.

New York retired their IRT &quot;Redbird&quot; cars in 2003 after having them in service since 1959 (and giving them a mid-life rebuild).  There are still a number of R32&#039;s in service today, and they were delivered in 1964!

San Diego&#039;s origianl Duwag U2&#039;s are coming up on their 28th anniversary in service and have never had a rebuild.  Boston&#039;s Red Line has cars dating from 1969 still in use with no replacement on the order books yet.

One of the benfits of rail transit is the ability to keep rolling-stock in service for an average 40 years, unlike buses which rarely last more than 8 years.

Now, if we want to have a discussion about the merits of the policy of trying to beat swords into plowshares in the 1970&#039;s by having Rohr and Boeing make transit vehicles when their experience was in building lightweight flying-machines, perhaps we need to page Noam Chomsky (or Pat Buchanan)?

P.S. Just for kicks, check out the builders plate on the next Northwest Airlines DC-9 you happen to fly on.</description>
		<content:encoded><![CDATA[<p>These 1000-series Rohr cars were completely rebuilt by Breda (now Ansaldobreda) from 1993 to 1996.  After this rehab they were good as new, and so must be considered to be only 13 to 16 years old.</p>
<p>New York retired their IRT "Redbird" cars in 2003 after having them in service since 1959 (and giving them a mid-life rebuild).  There are still a number of R32's in service today, and they were delivered in 1964!</p>
<p>San Diego's origianl Duwag U2's are coming up on their 28th anniversary in service and have never had a rebuild.  Boston's Red Line has cars dating from 1969 still in use with no replacement on the order books yet.</p>
<p>One of the benfits of rail transit is the ability to keep rolling-stock in service for an average 40 years, unlike buses which rarely last more than 8 years.</p>
<p>Now, if we want to have a discussion about the merits of the policy of trying to beat swords into plowshares in the 1970's by having Rohr and Boeing make transit vehicles when their experience was in building lightweight flying-machines, perhaps we need to page Noam Chomsky (or Pat Buchanan)?</p>
<p>P.S. Just for kicks, check out the builders plate on the next Northwest Airlines DC-9 you happen to fly on.</p>
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		<title>By: Rich Alossi</title>
		<link>http://la.streetsblog.org/2009/06/26/the-wall-street-tax-shelter-that-crashed-your-local-transit-agency/comment-page-1/#comment-8061</link>
		<dc:creator>Rich Alossi</dc:creator>
		<pubDate>Fri, 26 Jun 2009 20:41:19 +0000</pubDate>
		<guid isPermaLink="false">http://la.streetsblog.org/?p=2741#comment-8061</guid>
		<description>And the sad part is all these quick fixes and piecemeal approaches wouldn&#039;t be necessary if we just funded transit better.</description>
		<content:encoded><![CDATA[<p>And the sad part is all these quick fixes and piecemeal approaches wouldn't be necessary if we just funded transit better.</p>
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