It seems when it rains, it pours. This familiar cliche might be voiced by many within the MTA if one could hear their words. According to MTA their real estate revenues dropped sharply for the month of October. MTA official Gary Dellaverson says the agency lost $47 million dollars this month.
Thankfully even with such a horrible showing for the month of October, the agency is approximately $60 million dollars ahead of their original projections. However even with saying that, Mr. Dellaverson seemed concerned when he said; “Right now we are covered. We’re just putting up a yellow flag that this is something we have to watch carefully.”
Oh great this had to happen just when we are inching closer to the date where the proposed fare hike is being voted on!!!!