had been scheduled to take place and shut down the system. Tri-Met took over operation of the entire Rose City Transit system on December 1, 1969, using the same buses and workers and serving the same routes. The transit union had shifted its negotiations from RCT to Tri-Met and canceled its planned strike, and a new 19-month contract was approved by the agency's board on the same day that Tri-Met took over the system. At the end of Rose City Transit's management, Portland's city transit system was carrying about 65,000 riders a day. The lawsuits were not finally concluded until 1971, with court rulings in May in favor of the City of Portland and Tri-Met on the matters of franchise termination and retirement benefits. The court's ruling on the asset valuation came six weeks later. The fair value was set at $2.9 million (equivalent to $ million in ), which was $200,000 more than the city had offered, but was far less than the $5.5 million Rose City Transit had asserted to be their value. The ruling on the franchise termination was upheld on appeal in 1974. See also Transportation in Portland, Oregon References 1956 establishments in Oregon 1969 disestablishments in Oregon Bus transportation in Oregon Defunct companies based in Oregon Defunct public transport operators in the United States History of Portland, Oregon History of transportation in Oregon Transport companies disestablished in 1969 Transport companies established in 1956 Transportation in Portland, Oregon Trolleybus transport in the United States