Category: Transportation
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Extensions & Expansions
As local lore has it, when a relative asked Charles Tufts what he would do with his land, and more specifically with “that bleak hill over in Medford,” Tufts replied, “I will put a light on it.” The Universalist Church founded Tufts University in the 1840s with a gift of 20 acres of land from Boston…
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Progressive Public-Private Partnership Profits
New York City does not lack visionaries or visionary plans with hindsight, foresight, and insight, but these visionaries lack power. Instead, “borderline criminals” continue to dim our future. America has spent trillions rebuilding Iraq and Afghanistan, but when it comes to maintaining the infrastructure of a region with a $1.4 trillion GDP, money can’t seem to be…
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(Terminal)ogy
The Metropolitan Transportation Authority (MTA) is North America’s largest transportation network, and it moves approximately 2.4 billion New Yorkers a year on its subways, buses, railroads, bridges and tunnels. The MTA provides service for one-third of the transit riders in America, employs over 67,000 workers, covers an area of approximately 5,000 square miles, and moves 8.7…
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Ameraissance of Transportation Finance
“New York never stops. From morning-rush commuters to late-night club-goers, from school children on subways to seniors on buses, millions of people rely on the Metropolitan Transportation Authority (MTA) to get them through their daily lives. Without a robust and well-maintained network of railroads, subways, bus routes, bridges, and tunnels, New York as we…
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Value Capture and Joint Development
What does real estate have to do with public transportation? Actually, quite a lot. From Michigan Central Station in Detroit to the Hudson Terminal, Helmsley Building, and Hotel Pennsylvania in NYC, American railroads of the 20th century maintained a profit partly due to the transportation hub real estate assets they developed, owned, leased, and/or maintained vis-a-vis value…
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Glimpse: Fulton Center
“Glimpse” is a new PYC series for on-the-go readers interested in concise, image-laden posts… The well-lit Fulton Center will be completely opened within the next few months, but I was granted access to the construction site in late August, in the company of Daniel Peterson, PE, who came up with the floor plan for the Fulton Center.…