NY State, Chicago, Selling Transpo Equipment on Ebay to Raise Cash

Wednesday, February 22, 2012 - 02:25 PM

In the past two days New York state and the Chicago  Transit Authority have both announced plans to sell transportation related holdings to raise money.

New York Governor Andrew Cuomo said in a statement: "By selling unneeded equipment and supplies, New York State will reduce operating costs and cut back on excess spending and inventory."

Nearly 500 vehicles will be made available at the newly created, and still not quite live, website, starting in April. The state says many are less than 10 years old and have high mileage. The state already has an Ebay account dating back about a decade.

Chicago says it's transit agency has about $70 million dollars worth of bus and train parts, about a third of them obsolete and almost half untouched for years. So before the parts depreciate anymore, the CTA wants to sell them off.

If you know of other states looking to sell of their transportation equipment as a new way to make ends meet and make government more efficient, let us know.


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