Streams

M.T.A. Begs Albany for more Transit Funds

Friday, March 21, 2008

The federal government gave out more than $4.5 billion after September 11 to invest in downtown transportation improvements. Now that these projects are being built, state agencies are finding that the money was not nearly enough to pay for them all. WNYC's Matthew Schuerman reports.

The Metropolitan Transportation Authority is begging Albany for an extra half-billion dollars to finish the Fulton Street Transit Center and the subway station at South Ferry. The Port Authority, meanwhile, is scaling back its much celebrated PATH terminal so it won't have to dig further into its own pockets. These projects were conceived back in 2003, in what Preston Niblack of the city's Independent Budget Office describes as very different times.

NIBLACK: At the time it looked as if there was a big pot of gold at the end of the rainbow and there was a scramble to take advantage of it.

REPORTER: Niblack says the next year, double-digit inflation hit the construction industry. Now, the agencies are finding themselves on the hook for projects they would otherwise not have undertaken. For WNYC, I'm Matthew Schuerman.

More in:

News, weather, Radiolab, Brian Lehrer and more.
Get the best of WNYC in your inbox, every morning.

Leave a Comment

Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.

Sponsored

Latest Newscast

 

 

Support

WNYC is supported by the Charles H. Revson Foundation: Because a great city needs an informed and engaged public

Feeds

Supported by