MTA Finances
Judge Orders MTA Pay $1.9M For Bus Death
On November 4, 2009, Seth Kahn lost his life after being struck by an MTA Express Bus while crossing the street at Ninth Ave & 53rd St. He met his inevitable demise at the hands of someone who arguably should not have even been on the road. Over 2 years later, a judge has ordered […]
State Assemblyman Angry With The MTA
Not so long ago, the MTA talked about plans to impose a $1 surcharge. The surcharge would take place when a rider would go to refill non-expired unlimited or pay-per-ride card from within the system. The agency feels they can net $20M annually off the surcharge while cutting back on the littering of Metrocards which […]
MTA To Lease Two New Spaces In Grand Central
Just a short while ago, the MTA announced it will be leasing two new spaces in Grand Central Terminal. Here is more via the official press release: For 15 years, the value of the real estate in Grand Central Terminal has soared nearly four-fold, and now, as the building prepares to turn 100 years old, […]
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 […]
