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Old 12-27-2010, 02:37 PM
guizot guizot is offline
Join Date: Mar 2005
Location: An East Hollywood dingbat
Posts: 7,790
Originally Posted by Banaticus View Post
The problem is that Metrolink figured out it could have a whole bunch of money right now if it took the trains that it owned, sold them, then leased them back (and the people who did the leasing arrangement could also make a whole bunch of money). Then the economy turned and Metrolink has started missing lease payments, which means it's started to lose its trains....
Which problem in particular are you referring to? That's a pretty common thing for transit companies to do, and I think stimulus money helped to avoid large service cut-backs.