MTA Finances
Did Apple Get A Sweetheart Grand Central Deal?
This is the question being asked by some real estate experts & at least one elected official. The company which is set to open its new store in Grand Central Terminal next Friday has arranged a very sweet deal of only $60 per square foot. James Covert & Garett Sloane of the New York Post [...]
MTA Releases November Financial Plan
Earlier today, the MTA sent out a press release with information on their November Financial Plan: The Metropolitan Transportation Authority (MTA) today released its November Financial Plan and Final Proposed Budget for 2012. The November Plan updates a budget process that began with the presentation of a preliminary budget in July and culminates with a [...]
MTA Still Looks To Capitalize On Properties
It seems every few months over the last couple of years, the MTA maximizing its real estate holdings has come up. The usual banter stems from the agency not cashing in on some of the assets it possesses such as its former headquarters at 370 Jay Street in Brooklyn. Earlier today, the agency announced it [...]
MTA Payroll Tax Case To Be Held In Nassau
The MTA Payroll Tax is one that has many detractors across the region, especially out here on Long Island where both counties joined others in a lawsuit to question the tax’s legality. In what makes for an interesting turn before the case even begins is the ruling by an appellate division judge that the case [...]
MTA Releases Preliminary 2012 Budget
This past Wednesday, the MTA released its preliminary 2012 budget. I waited until now to write about it as I wanted to read through the material before commenting on it. For starters, here is the press release they sent out: The Metropolitan Transportation Authority (MTA) today released its 2012 Preliminary Budget and July Financial Plan [...]
