July 25, 2010
Fightback grows against NYC transit cuts
By Dee Knight
The MTA's sweetheart deal is questioned by the “Campaign to Take Back Our Transit System” (TBOTS) in light of service reductions.
The MTA says it has an $800 million deficit. The TBOTS campaign says the MTA has plenty of money. The MTA continues to drain revenues with a multibillion-dollar, 20-year construction of the Second Avenue subway to serve Manhattan’s posh Upper East Side and with the gargantuan Atlantic Yards development in Brooklyn to serve the developers of a new profit-making sports complex. And the $2.5 billion extension of the midtown 7 line fosters commercial development on the West Side. None of the profits of these developments will go back to the MTA or the riding public.
Posted by steve at July 25, 2010 7:57 AM