So the problem would be to figure out a way to not have it appear to lose money, right?
I mean, does building a 6-lane freeway 'lose money' ...? Of course not, because freeways are, um, free and they aren't run like a business.
Why does Amtrak get run like a business? Why doesn't it get run like CalTrans (the folx in the orange trucks you see fixing freeways in California) -- they don't lose money, they just spend it to keep the traffic flowing.
Fare recovery is a lousy part of the transit world: I can't tell you how many green light cycles I've missed while waiting to board an SF Muni bus, or how many hundreds of hours I've spent waiting to pay my $2 at the Bay Bridge.
/jordan