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July 17, 2010
Millman to MTA: Hearings a “Sham”; Restore Agent at High Street
Brooklyn Heights Blog
At a public hearing, Assembly Member Joan Millman questions a some of the MTA's dealings, including how the MTA gave developer Bruce Ratner a sweetheart deal on the Vanderbilt Yards.
She addressed the question of additional funding for the MTA by noting that the state needed to increase its contribution. She also faulted the MTA for hanging on to unused buildings the sale or lease of which would bolster its coffers (”What is the MTA doing with 370 Jay Street?”, she asked, “Storing tokens?”), failing to get contributions from developers along the Fourth Avenue corridor, and selling its Atlantic Yards property in a “sweetheart deal” for less than half its appraised value. She advocated using some federal stimulus funds for MTA operating expenses rather than capital projects, and said the federal government had approved this, but the MTA had yet to agree.
Posted by steve at July 17, 2010 8:14 AM