Red light cameras may get shut off [company that runs them in debt]

KABC ^ | 7-24-2009 | Carlos Granda

[lainie]

NORTH HOLLYWOOD, Calif. (KABC) -- Most public officials like red light cameras, but many motorists do not. The city of Los Angeles is concerned it could lose these high-tech "speed catchers" because of one company's financial woes.

The red light cameras are scattered at intersections all over Southern California, but the company that runs them is also in the red.

"For this particular company, our information is they're $33 million in debt. That's a major problem," said L.A. Councilman Dennis Zine.

The company, Nestor Traffic Systems out of Rhode Island, filed for receivership in June.

[BP2]

Just pay the company off with an IOU -- problem solved:

[Boiler Plate]

I laughed for a week.