December 19, 2007
MTA to hike fares, amount Ratner to pay for railyards unchanged
Subway riders will be paying more for unlimited ride Metro cards, yet meanwhile, Atlantic Yards developer Bruce Ratner's $100-million lowball bid for the Vanderbilt Railyards stands.
The NY Times's City Room blog reports:
After an unusually vigorous and spirited debate, the board of the Metropolitan Transportation Authority voted at 10:50 a.m. today to raise fares on subways, buses and commuter railroads and tolls on bridges and tunnels.
NoLandGrab: The debate was "unusually vigorous," considering that the MTA board decided on the sale of the railyard to Ratner and prepped a press release before debating and taking a vote.
More from City Room:
The base subway and bus fare will remain $2, but an overwhelming majority of riders — who use unlimited-ride MetroCards or get a discount for buying multiple rides at once — will have to pay more, starting on March 2. The costs of unlimited-ride cards will rise to $81 from $76 for the 30-day card and to $25 from $24 for the 7-day card; a new 14-day card will be sold for $47.
Posted by lumi at December 19, 2007 8:05 PM