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| Re: O. Roy Chalk attempt to buy 5th Avenue Coach (346699) | |||
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Re: O. Roy Chalk attempt to buy 5th Avenue Coach |
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Posted by Allen45 on Thu Dec 8 20:17:11 2022, in response to Re: O. Roy Chalk attempt to buy 5th Avenue Coach, posted by W.B. on Thu Dec 8 15:41:20 2022. There's a scenario where it could've been avoided. Fifth Avenue Coach was willing to sell Fifth Avenue Coach and keep Surface Transit. Two reasons this didn't happen as per news reports: 1) Moreland wanted guarantees from Harry Weinberg that him and his team would remain in charge if Fifth Avenue Coach was sold, 2) the City didn't want to buy Fifth Avenue Coach which was unprofitable but let the private company keep Surface Transit. Although the Queens private bus companies would've purchased Fifth Avenue Coach if a window opened for them to do so in the January 1962 strike. The main reason the Queens privates didn't purchase the Fifth/Surface operation during the March strike was that it was too expensive. Furthermore, there were people close to Weinberg trying to get a higher valuation for the city which made things complicated. |
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