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February 28, 2005
The transit fare mess
Without help from the state, the MTA faces higher fares and worse service
NY Newsday: This week's fare increases for Metro Cards and the LIRR as well as service cuts will put strains on the region's economy, according to Alan Hevesi's report released last week. Pataki has continually starved the MTA, forcing the state agency to borrow heavily, and is poised to do it again.
Albany needs to cut the jabber and find a solid revenue stream for the MTA. Otherwise, it will run a crucial state agency - a great engine of prosperity - right off the rails.
NoLandGrab: This week's fare increases leave no doubt that Pataki expects RIDERS to bail out the MTA, not billionare developers Bruce Ratner and Woody Johnson. The MTA must send our a RFP for the Atlantic Railyards now, to insure getting the most money possible for this valuable real estate.
Posted by lumi at February 28, 2005 8:41 AM