…that when I wrote this post describing how to carve up DRPA and its bridge revenues in such a way that it could never rise from the dead again, I was intending to include actual budget numbers from DRPA’s own documents, to show that there was enough revenue to go around to SEPTA, NJT, the bridges, and the bondholders. I didn’t do that because those budget PDFs are in a completely unreadable font, and I had too many demands on my time to decode them manually like a latter-day Rosetta stone. It’s my intent to come back to it, but if someone wants to scoop me on that, I won’t even be mad.
Meanwhile, the meme that PATCO could be run more efficiently under the umbrella of a larger agency with economies of scale, and specifically SEPTA, has successfully infected Pennsylvania State Senator John Rafferty (R-Montco). I don’t know if someone in the Senator’s office reads this blog, or if the idea is simply obvious enough to originate elsewhere independently. But if it moves the ball forward on phasing out our reliance on vampire squid bondholders for our vital infrastructure, then I’m all for it, no matter how it happened.