How much money do the traffic cameras at major intersections generate for the city? Are they just a cash cow?—Luka Djordjevic, East York
So far, they’re not raking it in. The pilot program, which involves 10 cameras that rotate among 38 accident-prone intersections, ran a combined net loss of at least $4.5 million in its first two years—and that’s counting the $1,162,000 in fines collected from red-light runners. Of course, the loss also included set-up costs, like purchasing the high-tech equipment (for about $6.7 million) from American weapons manufacturer Lockheed-Martin (makers of the F-16 fighter jet). The program continues to lose money, but according to the city, incidents of red-light running are down. We’re thinking it might be the gridlock.
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