This Week
  • The seven Rochester Business Ethics Awards finalists are profiled.

  • Rochester mourns the loss of Larry and Jane Glazer.

  • Vibrant, updated properties can be easier to market than older ones.

  • When Robert Titus joined Innovative Solutions, he "had no idea" he'd become CEO.

  • For Christian Flooring owner Christian Curts, diversification has been a key factor in his success.

  • Robert Linton guides Jazz 90.1 through a new era in media.

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