That $75 million figure made my bullshit detector start to squawk, so I did the math. The web site says it has a capacity of 4,400 visitors per hour, and assuming $3.75 per ride (if nobody gets the daily pass for $5), it only has to operate at maximum capacity all hours of the day and night, 24/7, for 6 months to bring in that amount of revenue.
So if the profit margin is 50%, the Vegas Loop can make $75 million in a year of continuous operation at 100% capacity. Seems legit. /s
It’s like someone said they’d fix the US healthcare system and then bragged about how much money their health insurance company is making in response to people saying they did dick all to fix the system.
no, what he forgot to count were the state subsidies that pay for all of the expenses including building and operating costs and supplement the profit so that it makes it worth it for the investors to even bother in the first place
![[image] Sometimes it feels like folks in US would build anything but efficient transit 🤦](https://slrpnk.net/pictrs/image/9fee6912-22f8-44a0-b34c-75dd59e25f54.png){kind=link}
That $75 million figure made my bullshit detector start to squawk, so I did the math. The web site says it has a capacity of 4,400 visitors per hour, and assuming $3.75 per ride (if nobody gets the daily pass for $5), it only has to operate at maximum capacity all hours of the day and night, 24/7, for 6 months to bring in that amount of revenue.
So if the profit margin is 50%, the Vegas Loop can make $75 million in a year of continuous operation at 100% capacity. Seems legit. /s
I’m sure they meant 75m gross, at best.
Which, even if that’s true, I’m still laughing at him because it hasn’t fixed the traffic.
It’s like someone said they’d fix the US healthcare system and then bragged about how much money their health insurance company is making in response to people saying they did dick all to fix the system.
Until you realize that not fixing the traffic was the point. It’s not funny because he didn’t fix anything on purpose.
no, what he forgot to count were the state subsidies that pay for all of the expenses including building and operating costs and supplement the profit so that it makes it worth it for the investors to even bother in the first place
Even if it were gross revenue, that’s a highly-unrealistic number. Full capacity for 12 hours a day, every day of the year?