MTA Finances
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 […]
Apple On The Express Track To Grand Central
A little over 24 hours ago, I wrote about gadget giant Apple & their hopeful plans to build their biggest store in the world inside of Grand Central Terminal. The company’s plan needed to first be approved by the MTA Financial Committee which was set to meet later in the day. As expected, the committee […]
MTA Must Pay Extra For Condemned Properties
When the MTA created plans for the Fulton Transit Center, it included the necessary purchase of 5 buildings on Broadway. The agency felt the properties should be accessed separately even though some common ownership connections existed. This past Thursday, New York state appellate judges anonymously agreed that the agency owed another $55M on top of […]
