Tag: air rights
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TOD: Transit-Owned Development
Summary: New York’s Metropolitan Transportation Authority (MTA) is constantly running trains, but it is also constantly running a deficit. Unlike profitable transportation companies, such as the Hong Kong Mass Transit Railway (MTR), the MTA has few valuable real estate assets which could be adequately transformed into transit-oriented and transit-owned joint development hubs. Similar to other…
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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…