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Fourteen stories below 63rd Street and 2nd Avenue in New York City, in a subway tunnel that the MTA (Metropolitan Transportation Authority) is building to bring Long Island railroad traffic into Grand Central Station, Blueprint America correspondent Rick Karr – with New York Voices — looks at a New York City infrastructure project representative of the pitfalls and delays of all projects across America.
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Ahem… Millions… I meant to type millions. *smack*
[...] New York’s public television station is about to go in-depth on the MTA’s financial crisis. PBS’s Blueprint American program is going to air a New York Voices segment on the state of the MTA tonight. The segment airs at 8 p.m. and will feature an lengthy sit-down with Richard Ravitch. For more, check out the Blueprint America feature on the MTA. [...]
You need to put those amounts in perspective. Compared to our war or highway expenditures, the MTA is fairly cheap and efficient. A mile of highway costs $50 million, and it carries many fewer people than a mile of railway.
Reply to Jim:
The MTA’s daily income definitely is not in the “Billions.” If it were, then they would not be in the deficit they are in now. In addition, you have to realize that there are also expenditures (payroll, maintenance, utilities, debt payment) involved that must be subtracted from the income.
[...] Is the Subway Going Back Down the Tubes? (New York Voices) [...]
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12/16/2008 :: 12:09:58 AM
Jim Says:
“Replacing and maintaining tracks runs the MTA about $303 million a year.” Which would be really quite a lot if the subway’s daily income weren’t in the BILLIONS of dollars. (you do the math, $2 fare x 5million daily ridership: http://mta.info/nyct/facts/ffsubway.htm)