Results tagged “subwaysystem”

After word that the MTA will raise fares in 2009 and 2011 due to huge financial shortfalls, many people called for the MTA to be privatized. And with Governor Paterson suggesting that maybe some public properties should be sold because of NY State's budget crisis, perhaps that idea is not too far off. However, Mayor Bloomberg weighed in against the idea of selling the MTA, saying, "It will not save you, necessarily, a lot of money...You could get somebody to do it, but they wouldn't save you very much money because the potential for making a lot of money isn't there." In other words, he's not interested!