How much money do the traffic cameras at major intersections generate for the city?
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.