Transit

Workers replace track on the L line in April 2015. Photo by Patrick Cashin via the MTA Flickr

Can Public-Private Partnerships Fill Holes in the MTA’s Budget?

The Citizens Budget Commission released a report earlier this week that predicted the MTA wouldn’t be able to fully repair all 467 of its subway stations until 2067, with suggestions on how the transit authority could finance repairs faster. The group suggested raising money through public-private partnerships, which can be incredibly effective. But when they’re negotiated poorly, these partnerships can cost cities and states millions.

Read More

Fulton Transit Center Atrium, photo by Patrick Cashin for the

Fulton Transit Center’s Retail Will Finally Open in the Fall

When the Fulton Transit Center opened last November, glowing reviews celebrated its 53-foot-wide oculus while lamenting its $1.4 billion price tag, which had doubled since the project’s inception several years before. Now, spokespeople from Westfield and the MTA tell YIMBY that retail will begin opening in the fall and continue through 2016. There will be about 20 stores ranging from retail and service providers to eateries and full service restaurants.

Read More




Fetching more...