Metropolitan Atlanta Rapid Transit Authority – Page 13

MARTA Claims Profit for Second Year in a Row

August 29, 2007 Railfanning.org News Wire

ATLANTA — MARTA said that the Authority has achieved an operating budget surplus for the second year in a row – recording $12.1 million in additional revenues for FY07. This marks only the second time in 20 years that MARTA has recorded an operating budget surplus for two consecutive fiscal years. MARTA also ended FY07 with $117.4 million in capital reserves. The capital program funds additions and improvements to infrastructure and supports the Authority’s bonding capacity. “Thanks to a strict fiscal management plan, strategic cost containment measures and improved financial performance in recent years, MARTA has achieved this significant accomplishment,”

MARTA Sees Ridership Increase

March 23, 2007 Railfanning.org News Wire

ATLANTA – From July to December 2006, MARTA’s passenger counts grew by 7.2 percent and passenger revenue increased by 3.8 percent over the same period last year. Nationwide, public transit ridership grew by 2.9 percent from 2005 to 2006. “MARTA is working hard to improve service and attract more riders to the system and we are pleased to see the positive results of our efforts,” said General Manager Richard McCrillis. “We hope to sustain this trend through the multiple renewal and improvement efforts we have underway – including our rail car rehabilitation project, increased service levels, and heightened focus on

MARTA to Review Station Gaps

January 2, 2007 Railfanning.org News Wire

ATLANTA — MARTA, metro Atlanta’s mass transit system, is reviewing the so-called station gaps, the distance between subway stops, according to a report in The Atlanta Journal-Constitution. Officials hope adding more stations to the 48-mile line will attract more riders. Extending the rail line would cost roughly $100 million per mile, while building the “infill stations” might be a cheaper approach. “MARTA’s approach has always been to extend the line, and once they’ve built that, development would come,” Lara Hodgson, a member of metro Atlanta’s regional Transit Planning Board, told the newspaper. “But what if you did the opposite?” she

2006: The Railroad Year in Review

January 1, 2007 The Cross-Tie

Like any other year, 2006 saw its fair share of ups and downs for the railroad industry.

McCrillis named MARTA General Manager

September 27, 2006 Railfanning.org News Wire

ATLANTA – Richard J. McCrillis has been named general manager and Chief Executive officer of the authority of MARTA. He has served as interim general manager/CEO since January. “Richard McCrillis brings a wealth of experience to the table and is the clear choice to lead MARTA at this critical time in our history,“ MARTA Board Chairman Edmund Wall said. “As Interim General Manager, Richard has charted a course focused on fiscal responsibility, customer-focused service planning and regional transportation development, and the Board is excited to continue working with him to achieve these goals.” McCrillis joined MARTA in 1985 as Director

MARTA Posts First Profit in Nine Years

July 31, 2006 Railfanning.org News Wire

ATLANTA — The city’s mass transit system has posted its first operating profit in nine years, it announced today. For fiscal year 2005-06, MARTA finished in the black by $19 million, The Associated Press reported. Officials has expected an $18 million loss. "It’s a very positive picture going into the future," AP quoted Richard McCrillis, MARTA’s interim general manager, as saying. "MARTA has its financial picture together."

Department of Homeland Security Lowers Threat Level for Mass Transit Network

September 1, 2005 The Cross-Tie

Department of Homeland Security Secretary Michael Chertoff announced Aug. 12 that the national threat level for mass transit is being reduced from Code Orange to Code Yellow. Mass Transit lines, however, vowed to remain vigilant.

MARTA Board Approves FY06 Operating and Capital Budget

June 7, 2005 Railfanning.org News Wire

ATLANTA – The Board of Directors of the Metropolitan Rapid Transit Authority today passed a $770.7 million Operating and Capital Budget for Fiscal Year 2006, which begins on July 1, 2005. In conjunction with their decision, the Board also passed a new policy requiring that an amount equivalent to 10% of the prior year’s operating budget be maintained in an operating reserve account. "After careful thought and deliberation, this board has passed a budget that is responsible and that will allow us to continue to provide the best possible service to our customers through enhancements to our operations as well

MARTA Opens 33-Acre Rail Facility

May 24, 2005 Railfanning.org News Wire

The Metropolitan Atlanta Rapid Transit Authority (MARTA) celebrated the opening of its largest rail maintenance and storage facility during a dedication and ribbon cutting ceremony on May 23, 2005.

Arthur M. Blank Family Foundation Awards Grants to Support Atlanta Belt Line Initiative

January 28, 2005 Railfanning.org News Wire

As part of its commitment to preserve green space and improve parks for urban residents, The Arthur M. Blank Family Foundation today announced it is awarding grants to two organizations involved in making the Atlanta Belt Line – a proposed corridor of transit, parks and trails – a reality.