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| Re: Bus Strike Anniversary - March 1, 1962 (303171) | |||
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Re: Bus Strike Anniversary - March 1, 1962 |
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Posted by BusMgr on Mon Mar 2 10:07:09 2015, in response to Re: Bus Strike Anniversary - March 1, 1962, posted by randyo on Sun Mar 1 22:35:11 2015. No, they could not. Fifth Avenue Coach had mostly perpetual franchises granted many years prior, and in the absence of any recapture provision, there was not a need to "renew" the franchises. The only way that the City could get the franchises out of the hands of Fifth Avenue was to condemn the franchises.This was also the case with many street railways. Where the street railway company favored motorization on economic grounds (or where the City made life difficult for the company), the company gave up perpetual street railway franchises for bus franchises of limited duration (but in doing so, they were able to obtain 25-year bus franchises in exchange, and only on renewal were they reduced to the more-familiar 10-year franchises). |
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