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by Brad Aaron
“Work would be allowed to continue on major, long-term projects including the Second Avenue subway, East Side access for Long Island Rail Road trains, the Fulton Street Transit Center and the extension of the No. 7 subway line to the Far West Side of Manhattan.
Has enough money now been allocated to finish these projects? Or have more over-runs been deferred into the next capital plan.
“It’s about the quality of our entire system, the renovation and repair of our system, the continuation of our megaprojects,” said Joseph J. Lhota, the authority’s chairman. “We’re in a phenomenally very good position in light of how much was done this weekend to help support mass transit here in the New York region.”
Hey Joe, what’s your financial plan for the next capital plan, now that all the existing dedicated taxes are encumbed by existing debt service? And if you say issuing 30 year bonds against all future revenues from bridge tolls, what happens after that?
i have an idea for repeat criminals who steal over and over again. forget about banning them from the MTA. how about actually LOCKING THEM UP 3 strikes and your out kinda punishment.
Consider the implication of this.
“As economists and housing insiders continue to analyze every grain of housing data, most would agree that housing will continue to drag down the overall economic recovery in the near future. Many young people are choosing to live at home for a longer period of time instead of buying. Moreover, would-be homebuyers are settling into modern apartments and condominiums, further hindering a housing rally. Shiller says the shift toward renting and city living could mean “that we will never in our lifetime see a rebound in these prices in the suburbs.”
Our course the suburbs could be modified to allow a lower cost, more community oriented lifestyle with some multifamily, bicycles, viable transit, etc. But not if Long Island politicians have anything to say about it.
That article last week showing more commuters to Manhattan, where the high wage jobs are, from New Jersey and fewer from Long Island was telling. East Side Access gives Long Island a chance, but the corrupt and wasteful LIRR and backward looking hack politicians may doom it.
As things stand which is more likely? My daugther’s Long Island-raised roommate deciding to live in Brooklyn or my daughter deciding to live in Nassau or Suffolk? This assumes of course that either can afford NYC, since there seems to be a shortage of it.
“These guys deserve an award -- Delancey Street Associates, L+M, BFC Partners, and Taconic Investment Partners. And to Council Member Margaret Chin -- turning parking garages into affordable housing is brilliant.”
In response to "Attention EDC: Big Development Projects Don't Need Parking After All"