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October 8, 2007
IMAGINE...
...what might have happened if the Metropolitan Transporation Authority (MTA) had issued a good-faith RFP for the Vanderbilt Railyards at Brooklyn's Atlantic Terminal?
Crain's, Deadline looms for rail yard bidders
About the only certainty as developers put the finishing touches on bids for the Hudson Rail Yards is that the offer, due Oct. 11, will top the $500 million that the city was willing to pay when it wanted to put a football stadium there.
Meanwhile, the MTA is grousing about not being able to fund the potential boost in ridership anticipated by Mayor Bloomberg's congestion pricing plan. Go figure...
The NY Times, M.T.A. Says Mayor’s Plan to Ease Traffic Will Cost $767 Million to Accomplish
Mayor Michael R. Bloomberg’s plan to ease traffic congestion by charging motorists who drive into the busiest parts of Manhattan would cost hundreds of millions of dollars for new bus and subway services and mass transit improvements to accommodate tens of thousands of new riders, transportation officials say.
The Metropolitan Transportation Authority, in a report to a commission created to evaluate the mayor’s plan, estimated that expanded transit service and capital improvements for city and suburban riders who would give up their cars to get into Manhattan over the next five years would cost $767 million.
Posted by lumi at October 8, 2007 10:40 PM