MTA Finances

Hi-Def Screens Bring In New Revenue

With the effects of yesterday’s explosion mainly behind Metro-North, time for some financial news. The MTA has announced that its new hi-def screens that were recently installed will bring in added revenue: Novel forms of advertising continue to be introduced in the subway as part of the Metropolitan Transportation Authority‚Äôs (MTA) efforts to increase revenue […]

LIRR & Unions Reduce Labor Costs By $6.5M

In what should be considered a win all the way around, the MTA Long Island Rail Road & local private sector unions have reached an agreement that will help reduce labor costs by $6.5M on several projects. Here is more via the official release I was sent: Governor Andrew M. Cuomo today announced that MTA […]

MTA Secures $200M Insurance Protection

With the costs of Hurricane Sandy repairs still being felt by many in the region including the MTA, the agency has announced that it has secured $200 million worth of insurance protection for future storms like Sandy. Here is more courtesy of the press release I received: The Metropolitan Transportation Authority (MTA) today announced that […]

MTA Looks To Lease 3 Midtown Buildings

About 2 years ago when the MTA finances were looking real bleak, the agency had talked about selling 3 of the buildings they own next to Grand Central. The agency was looking to get approximately $150M for the building at 347 Madison Avenue & the 2 adjoining ones at 341 & 345 respectively. At the […]

MTA To Pay Nearly $1M For 2006 Bus Death

This past Thursday, a Bronx court ruled that the MTA must pay nearly $1 million dollars for the death of 51 year old Rachel Levy who was struck & dragged by a bus in 2006 while standing at a stop on the Henry Hudson Parkway in Rivderdale. Pedro Oliveira Jr. of the New York Post […]