MTA Wants New Yorkers to Vote For $1.5 Billion Loan

Our poor, beleagured MTA. Riddled with budget problems, crazy antics in Albany, and wacky developers and political dancing in Manhattan with poor funding all around, it's a wonder that any capital projects get off the ground. That's why the MTA is encouraging voters to vote for the Transportation Bond Act on November 8 when they head to the polls. The bill would give $1.5 million to the MTA, and help get projectslike the Second Avenue Subway, the LIRR-Grand Central connection, and downtown rail link to JFK off the ground. You'll be seeing posters on subways, buses, and commuter trains explaining the bond act. Newsday says that many transportation advocates and civic groups sponsor the bond act; Gothamist doesn't know what the other implications might be but we're pretty sure this bill is worth your vote. The state and city have pretty much really screwed up the MTA by taking away its funding over the years.

This bond act has a decent chance of passing, because it's really a $3 billion loan - half of it would go to upstate needs. Gothamist will try to expand on what the bill is when we see the ads.

Email This Entry


Comments (7) [rss]

To bad its not an up or down vote on MTA leadership.

There's an excellent article on exactly what is wrong with the subways at City Journal, here. Basically they're in a situation where their costs are too high--and every time they try to cut them, people flip out--and if they try to raise the rates, well, people flip out too. This makes it difficult to run the organization effectively, much less make any significant expansion. Hence the bond measures.

Actually, a quarter of the MTA board members are Bloomberg's right-hand men, so in a way the Nov 8 election could also cause a good change in the MTA by voting against Bloomberg.

Yet another bond act to pay for a second av. subway. Brilliant.

Funny, in the 1970s they receeived one to fully fund construction of the 2nd av subway.

They might want to show us some product before asking for more money.

user-pic

Hey Midori - what are you referring to exactly as far as 1970s? can you point me in the right direction?

So funny Blike. 1/4 isn't majority is it? How about getting Pataki to fund MTA? How about shutting the hell up when MTA tries to raise the rate? You are against Jets or Nets buying MTA owned land which would've raised the $1.5 billion. Blaming Bloomberg for MTA's problems is as valid as those Freddy Ferrer commercials.

user-pic

http://www.nycsubway.org/lines/2ndave/timeline.html

1967

$2.5B bond issue for Transportation passed. $1B is for urban transit in the state and $600M is for construction in New York City.

1968

MCTA changed to MTA. Second Ave subway will cost $220 million for a two track line from 34th Street to the Bronx. It would connect with the 63rd Street Tunnel, Central Park line to 57th Street both Sixth Ave and Broadway. Phase II would bring the line down to Water Street near the Battery. On Sept. 20, the Board of Estimate approves a two track line from the Bronx to Water Street, including the 63rd St. connection.

1972

October 27 - Groundbreaking was held at East 103rd St and Second Ave., 68 years to the day after the opening of the IRT.

Today

Sections that had construction activity include three intact sections: Section 5 (Bowery to Chrystie Street), Section 11 (East 99th to East 105th Streets), and Section 13 (East 110th to East 120 Streets). A fourth area, Section 7 (East 2nd to East 9th Streets) had utility relocation work performed, but all excavation was filled in.

Post a comment (Comment Policy)

Tips

Get your daily dose of New York first thing in the morning from our weekday newsletter, now in beta.

About Gothamist

Gothamist is a website about New York. More

Editor: Jen Chung
Publisher: Jake Dobkin

Newsmap

newsmap.jpg

Contribute

Latest Tip:

homeless guy took a dump between cars on the 7 train between Queens & Manhattan
[more]

Latest Photo:

Subscribe

Use an RSS reader to stay up to date with the latest news and posts from Gothamist.

All Our RSS

Follow us