Tag: New York City Transit
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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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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…