ST. LOUIS (KMOX) - Without an infusion of $200,000 the Loop Trolley could be insolvent next month. That's according to a letter St. Louis County Executive Sam Page has sent to County Council members.
Fitch says they should also reject it this time, "My Dad has a good line when it comes to these things, 'Why throw good money after bad money?' That's exactly what we'd be doing if we approve this."
KMOX News received a written statement from Loop Trolley Company board president John Meyer Jr. In it he confirms the $200,000 and $500,000 amounts needed. He says Nov. 15 is deadline day.
To make up for budget shortfalls, a reduction in trolley service will begin next week.
Meyer says funding from St. Louis County would give them a chance at adding a third car and seven-day-a-week service.
In his letter County Executive Page says the trolley system's leadership has also approached the city of St. Louis for help, and there's apparently no interest.
The issue is likely to come up at Tuesday's county council meeting.