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January 26, 2005
MTA Looks to the Sky for Cash
SALE OF AIR RIGHTS AMONG PROPOSALS TO CLOSE BUDGET GAP
The NY Sun: The cash-strapped MTA is going to have to use sale of air rights over railyards and postpone expenditures such as purchases of new buses and trains and station renovations in order to make up for the $2.4-billion difference between what they requested from the State and what Pataki has budgeted for "core" operations through 2009.
NoLandGrab: It is imperative that the MTA get top dollar for the Atlantic Railyards by auctioning off the air rights. The agency can't make a secret back-room deal with favored developer Bruce Ratner when the condition and safety of the transit system is at risk.
Posted by lumi at January 26, 2005 4:00 PM