This Week
  • At 50, VP Supply has just posted annual sales exceeding $100M for first time.

  • Edward Gigliotti suffered for two years before finding cure and new life.

  • Jane Shukitis embraces her new challenge as the president and CEO of Visiting Nurse Service.

  • Where to Meet, Where to Stay is a hospitality guide for the upstate region.

  • The Downtown Innovation Zone signals a new attitude for Rochester's center city.

  • Empire Valuation takes on a wide range of projects.

With new Transit Center, RGRTA boosts assets by 82%

Rochester Business Journal
July 16, 2014

The Rochester-Genesee Regional Transportation Authority increased its assets by 82 percent in the fiscal year ended March 31, primarily due to construction of a $50 million transit center downtown and other investments in infrastructure.

The authority reported an increase to net position of $35.7 million for 2013-14, up from $19.6 million in fiscal 2013 and $9.7 million in 2012, it announced late Monday afternoon.

The RTS Transit Center on Mortimer Street is scheduled to open Nov. 28.

Revenue from fares totaled $27.6 million, up from $27.1 million in 2013 and $27 million in 2012, RGRTA reported.

The authority’s greatest liability was in other post-employment benefits, which totaled $33.9 million in 2014. Its obligation in 2013 was $29.3 million and $24.8 million in 2012, it reported.

(c) 2014 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email service@rbj.net.


What You're Saying 

There are no comments yet. Be the first to add yours!

Post Your Own Comment

 
Username:
Password:

Not registered? Sign up now!
 

To Do   Text Size
Post CommentPost A Comment eMail Size1
View CommentsView All Comments PrintPrint Size2
ReprintsReprints Size3
  • E-mailed
  • Commented
  • Viewed
RBJ   Google