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SoCal Redlight Camera Operator in the Red

 

http://abclocal.go.com/kabc/story?section=news/local/los_ang...

Quote:

Red light cameras may get shut off

NORTH HOLLYWOOD, Calif. (KABC) -- Most public officials like red light cameras, but many motorists do not. The city of Los Angeles is concerned it could lose these high-tech "speed catchers" because of one company's financial woes.

The red light cameras are scattered at intersections all over Southern California, but the company that runs them is also in the red.

"For this particularly company, our information is they're $33 million in debt. That's a major problem," said L.A. Councilman Dennis Zine.

The company, Nestor Traffic Systems out of Rhode Island, filed for receivership in June.

Schadenfreude...

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*Keith* MacBook Pro *wifi iPad(2012) w/BadElf GPS & iPhone5 + Navigon*

I'm with Keith on this one.

kch50428 wrote:

http://abclocal.go.com/kabc/story?section=news/local/los_ang...

Quote:

Red light cameras may get shut off

NORTH HOLLYWOOD, Calif. (KABC) -- Most public officials like red light cameras, but many motorists do not. The city of Los Angeles is concerned it could lose these high-tech "speed catchers" because of one company's financial woes.

The red light cameras are scattered at intersections all over Southern California, but the company that runs them is also in the red.

"For this particularly company, our information is they're $33 million in debt. That's a major problem," said L.A. Councilman Dennis Zine.

The company, Nestor Traffic Systems out of Rhode Island, filed for receivership in June.

Schadenfreude...

Schadenfreude for sure!!! Make that a double.

--
You can walk a horse to water, but a pencil has to be led.

and california is worried

Rayzers wrote:
kch50428 wrote:

http://abclocal.go.com/kabc/story?section=news/local/los_ang...

Quote:

Red light cameras may get shut off

NORTH HOLLYWOOD, Calif. (KABC) -- Most public officials like red light cameras, but many motorists do not. The city of Los Angeles is concerned it could lose these high-tech "speed catchers" because of one company's financial woes.

The red light cameras are scattered at intersections all over Southern California, but the company that runs them is also in the red.

"For this particularly company, our information is they're $33 million in debt. That's a major problem," said L.A. Councilman Dennis Zine.

The company, Nestor Traffic Systems out of Rhode Island, filed for receivership in June.

Schadenfreude...

Schadenfreude for sure!!! Make that a double.

about a company being in the red? What about the entire state? If the "big one" happens and the state slides off into the Pacific, the amount of debt piled up by the state would surely suck the rest of the economy flat.

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ɐ‾nsǝɹ Just one click away from the end of the Internet

The real solution to the problem!

If these cameras are not profitable for the companies that run them, they'll disappear. While the governments won't disappear, but making the cameras unprofitable, or at least non-profitable, they'll stop their installations.

The key is for drivers to be aware of them and avoid generating the revenues. Via the RLC poi file!

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Nuvi 2595LMT, Nuvi 1490T, Nuvi 260, GPSMAP 195

Thanks

Thanks for the article Keith!
We all can use a good chuckle once in a while.

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