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Austin's Captial MetoRail
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<P mce_keep="true">According to an article in the Austin American Statesman, a Texas Sunset Advisory Commission report found that Capital Metro mismanaged a $200 million reserve fund and opened its rail line with potentially unsafe bridges. The finding was also reported in Trains' News Wire. </P> <P mce_keep="true">Given the mismanagement of the reserve fund, it appears that Capital Metro needs to collect every dime that it can lay its hands on. Moreover, if the bridges are truly unsafe, I may be back on the express buses.</P> <P mce_keep="true">If Capital Metro were a competitive business, it would have been out of business a long time ago. It is poster child for the argument that government should not do anything that can be done by a market driven business organization.</P>
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