Tag: New York City
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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.…
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The MTA’s Missed Opportunity
Long Islanders cheered Andrew Cuomo when he intervened in the recent dispute between the MTA and LIRR workers, who had threatened a strike over demands for wage increases. When negotiations stalled between the LIRR, which had demanded a 14% raise over six years, and the MTA, whose offer to spread the same raise over seven…
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Mr. TOD
The Tale of Mr. TOD Once upon a time, Mr. Tod arrived in New York. And the rest was not yet history. The tale is still, obviously, unfolding. Will Mr. Tod be able to create mobile, accessible, and affordable neighborhoods? Or will Mr. Tod only support luxury? Mr. Tod, of course, is Mr. Transit-Oriented Development. He’s more and more popular these…