Loop Trolley profits much lower than expected
ST. LOUIS, Mo. — The Loop Trolley isn’t making as much money as previously hoped. Officials say it’s only generating about a quarter of the needed fare revenue.
The St. Louis Business Journal reports that in four months of operation the streetcar system sold about 4,300 tickets. That amounts to just over $8,000.
In 2016 officials said the trolley would need to make about $8,300 per month. They hope better weather and a full seven-day schedule will help increase ridership.