What's Hot: Mortgage Rates Fall Towards 6% Following Fed Cut
Metro Needs Cash, May Hike Fares
✉️ Want to forward this article? Click here.
Metro has proposed a significant increase in bus and rail fare prices to make up for a $116 million deficit, The Washington Post has reported.
If the hikes go through, paper farecard users will see a dramatic increase in cost per trip: under the new plan, a one-way trip during peak hours will cost a paper farecard user $6, no matter the distance. During off-peak hours, the trip would cost $4. Day passes will no longer exists. (This move and the increase of fares for paper farecard users seem pretty inhospitable for DC tourists.)
SmartTrip fares wouldn’t change too much: the maximum peak fare for a SmartTrip care would change from $5 to $5.75 and the minimum off-peak fare from $1.60 to $1.70. Daily commuters would spend at most about $360 more under the new system. Bus fares, parking fees and MetroAccess fares will be bumped up slightly.
Metro’s board will review the proposal on Thursday, public hearings will be held in February and March, and if they occur, most changes would go into effect on July 1st (except the Farecard change, which would go into effect after Labor Day to allow Metro to beef up their SmartTrip system).
See other articles related to: metro
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/metro_needs_cash_may_hike_up_fares/4892.
Most Popular... This Week • Last 30 Days • Ever
Mortgage rate buydowns can be a good option for buyers who want to save money on inte... read »
Plans filed this week provide the latest look at the 106-key hotel in the works at an... read »
A plan to add another new residential building to the Friendship Heights pipeline is ... read »
The eight-bedroom, 35,000 square-foot home in McLean known as The Cliffs went under c... read »
The large new development would take the place of the Ballston One office building al... read »
- How Does a Mortgage Rate Buydown Work?
- A Look At Georgetown's New 100-Key Hotel Along The Canal
- Donohoe Files PUD For 127-Unit Development in Friendship Heights
- A $30 Million Sale? One Of The DC Area's Most Expensive Homes Finds A Buyer
- Updated Plans Filed For 328-Unit Development At Arlington Office Site
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro