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East New York

The Legend of The RTS

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AP - Millennium Transit Services LLC[/b] filed the Chapter 11 paperwork Aug. 29, seeking an order from the U.S. Bankruptcy Court in Albuquerque to prevent creditors from seizing assets while it reorganizes. The case was assigned to Judge Mark B. McFeeley.

 

Millennium, a Roswell based bus company that received about $4 million in state and city loans in 2003 to reopen a closed manufacturing plant has filed for bankruptcy protection.

 

The case filing said the company's debts are primarily business debts, and its list of the top 20 unsecured claims included suppliers.

 

City finance director Larry Fry said Roswell officials are aware of Millennium's move and will keep an eye on it.

 

"The city will protect its interests and try to work out the situation," he said this week. "We don't know what the company is going to do."

 

The Associated Press left a message with Millennium Transit on Friday seeking comment.

 

The state Investment Council in late 2003 approved about $2 million in mortgage backing to help the founders of Millennium buy the then-closed plant from a subsidiary of Volvo on Dec. 15, 2003. The city of Roswell added about $2 million and Pioneer Bank, holder of the mortgage, put in about $250,000.

 

Fry said Millennium has repaid about 29 percent of the loan, for a balance of about $1.46 million, and is current on payments.

 

Charles Wollmann, a spokesman for the state Investment Council, said the company has paid back about 28 percent of the state loan, leaving a balance of about $1.43 million.

 

"We're aware of the filing, so we're monitoring it," Wollmann said Thursday.

 

The state and city loans are secured by mortgages on the building and equipment, Fry and Wollmann said. The manufacturing plant is located on city-owned property, but the building and equipment belong to Millennium.

 

Millennium succeeded bus manufacturers located at the Roswell Industrial Air Center for about three decades.

 

General Motors' Truck and Bus Division first developed the RTS bus in the mid-1970s. GM sold its RTS bus operation to Greyhound Dial in 1987, and Nova Bus bought the Roswell operation from Dial 10 years later. Nova Bus operated the facility until 2002.

 

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I really wish MTA got some RTS Legends from them before they filed for bankruptcy... :rolleyes:

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Yeah, I don't know how the hell MTS thought they could survive off 1 high floor that's only offered in Diesel! The needed to get the low floor right, and they didn't! I would have loved it! The front end takes some getting used to, but it's still an RTS.

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i guess they were hoping for a successful delivery of RTS' to NJT> But the bus got rejected. i think it was due due weight qualifications. They redesinged the bus with a 10' rear overhang for a standard T-drive. They messed with a good and proven design. if it aint broke, dont fix it.

 

the end of possibly the greatest bus..EVER! :D

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i guess they were hoping for a successful delivery of RTS' to NJT> But the bus got rejected. i think it was due due weight qualifications. They redesinged the bus with a 10' rear overhang for a standard T-drive. They messed with a good and proven design. if it aint broke, dont fix it.

 

the end of possibly the greatest bus..EVER! ;)

 

Fast Forward to 2011......

 

The NJT cancellation had nothing to do with the build quality of the bus or weight qualifications. There were other issues, which included financing. The rear overhang is 7.5', and the bus has received rave reviews from all the operators who have them. All of which wish they had more.

 

Somerset County Transportation - "Wish we could have gotten more"

 

Foxwoods Casino & Resort - "Those things are great!"

 

Pueblo Transit - "Our Senior drivers fight over the only two we have. I don't know how you built those things, but we just love them!"

 

TAMU - "Texas A&M Transportation Services is pleased to have one of our Millennium RTS' at APTA(2011). Our employees love to drive them, and our students love to ride in them!"

 

TAMU currently has 25 Millennium RTS', and will eventually have to replace 46 remaining Nova RTS'. Guess what they want???

 

http://www.facebook.com/legendcontinues

http://www.millenniumtransit.com/

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well that was the word on the street 3 years ago...

 

Now its a whole other story! Like the Pheonix rising from the ashes!

 

This, and a return of the Metro, would reaffirm my enthusiasm!

 

THOSE are buses! not these low-floor low-capasity crap! (exceptions: LFS and New Flyers)

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i wish NJT took a second look at this bus instead of purchasing more of the sardine cans that are NABI

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Now that I think about it, I can imagine the RTS headlights being sort of covered like the Prevost's are... it'd look nice.

 

What of those LED taillights that were fitted to all of our RTS models? Will they be replaced with something like they have on the Orion VIIs or will they stay?

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