TransLink wants more revenue from YVR fares 0
Compass Card system is currently in beta testing. (CARMINE MARINELLI/ 24 HOURS)
Translink wants to recoup an expected $1.4-million annual shortfall by charging the Vancouver airport’s AddFare to Compass stored-value cards and DayPasses.
Currently, $5 is tacked on to any cash fare departing TransLink’s three Sea Island stations near the airport.
The transit authority is applying to its commissioner to expand the reach of that fee.
The authority notes to date it has generated less than expected from the current levy and the cash-driven figure is expected to continue to decline, according to the office of TransLink commissioner Bob Irwin.
Through 2014, that lost revenue is expected to reach $12.2 million, that is unless the fare is charged for Compass’ stored value products and DayPasses — which traditionally haven’t been sold at YVR.
Irwin is now seeking public input prior to making his decision.
The authority expects it could make an “annualized incremental revenue” of $1.7 million if the request is approved.
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