from the Mercury-News:
Caltrain proposes shuttering half its stationsBy Mike Rosenberg and Gary Richards
Bay Area News Group
Posted: 02/03/2011 06:34:45 PM PST
Updated: 02/04/2011 07:40:23 AM PST
Caltrain officials on Thursday proposed closing up to 16 stations in Santa Clara and San Mateo counties -- turning half the rail line's stops into ghost depots, stranding thousands of riders, and leaving several huge shopping and housing centers without their prized train stops next door.
The plans, unveiled at a Caltrain board meeting, come in addition to a fare hike and deep cuts first revealed last year, including eliminating all but weekday rush-hour service between San Francisco and San Jose.
Caltrain leaders said the station closures and service cuts will be necessary starting July 2 to survive a record $30.3 million deficit -- about one-third of Caltrain's operating budget -- unless they receive an influx of last-minute funding from outside sources, which they say is increasingly unlikely. The board does not expect to make a decision on the cuts until April.
"We have a very serious financial crisis looming," said CEO Mike Scanlon. "I think we've looked under every rock" for more money. ..............(more)
The complete piece is at:
http://www.mercurynews.com/top-stories/ci_17287334