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  1. “…the problem I have is that about 5-7 years ago the MTA was touting how much of a surplus they had on their books so they went and improved some of the stations etc etc – but then 2-3 years later are in the media saying they are DEEEP DEEP in debt”

    Don’t forget, a nice portion of the mortgage recording tax gets paid to the MTA. Less deals, less mortgages being recorded, less revenue for MTA.

  2. Can anyone looking at the deal they cut with Ratner still question how incompetent they are? That said, the subway is still a bargain but also, don’t forget, for most of us salaries have stagnated so each fare hike is a bigger and bigger bite. For a lot of people working low paying jobs or minimum wage jobs, even 25 cents hurts. And as they get cheaper with the discounts, it gets worse.

  3. I agree – I think what we pay is probably in line with inflation for mass transit
    the problem I have is that about 5-7 years ago the MTA was touting how much of a surplus they had on their books so they went and improved some of the stations etc etc – but then 2-3 years later are in the media saying they are DEEEP DEEP in debt
    they obviously have reallly bad bookeepers over there and or mta execs with deep pockets

  4. 89 isn’t bad – very true. I think people are just fed up with the frequency of the fare hikes the past few years paired with declining service.

    I don’t think there is any question that the MTA is a mismanaged organization that needs to be reeled in ASAP. How many years have they been trying to build that 2nd ave subway now? 120?

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