KKTV News reports that FREX service will be terminated February 15th because of a budget shortfall for Colorado Springs and reduced funding from the Pikes Peak Rural Transportation Authority (PPRTA).

Here the offical press release:

The Colorado Department of Transportation (CDOT) approved a proposal to use the proceeds from the sale of up to nine surplus FREX buses for operating expenses in 2010. With the informal support of Colorado Springs City Council, an invitation for bid was posted in early January and closed today at 2:00 p.m. with no response.

As a result, FREX service is expected to discontinue in its entirety effective February 15th. “We are certainly disappointed in the result of the sale,” said Craig Blewitt, Interim Transit Services Division Manager. “FREX has been extremely successful in terms of average daily ridership and meeting its original objectives including reducing auto emissions and traffic congestion along the I-25 corridor and providing a viable transportation alternative between Colorado Springs and Denver, the state’s two largest employment markets.”

FREX tickets will be pulled from sale effective immediately, and passengers are reminded that existing tickets must be used by the termination of service on February 15th as there are no refunds, credits, or exchanges of FREX tickets.

FREX is operated by the City of Colorado Springs, Transit Services Division/Mountain Metropolitan Transit.

For more information, please visit www.FrontRangeExpress.com or call 719-636-FREX (3739) or 877-425-FREX (3739).