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| Re: NYC Rail networks—bursting at seams? (1353097) | |||
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Re: NYC Rail networks—bursting at seams? |
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Posted by WillD on Thu May 21 07:57:18 2015, in response to Re: NYC Rail networks—bursting at seams?, posted by Dyre Dan on Wed May 20 08:36:46 2015. The Power Broker on page 758 says:"Most important, $425,000,000 of the city's debt limit had been incurred for the subway. In calculating the city's debt the state did not include self-supporting projects. Therefore, if the subways could be made self-supporting, the $425,000,000 could be lifted out of the constitutional debt limit and the city would have $425,000,000 more to spend on public works. And the way to make the subways self-supporting was simple: raise the five cent fare to ten cents."Then on page 933 in reference to the aftermath of the 1955 Joint Program bond sale between the PANJNY and TBTA Caro states: "When Robert Moses came to power in New York in 1934 the city's mass transportation was probably the best in the world. When he left power in 1968 it was quite possibly the worst"Just because he didn't run the MTA in the days before the TBTA absorbed the subway system does not mean he didn't hold the power of the purse over the subway and create the situation where his push to make the system profitable resulted in declining ridership and deferred maintenance. That same scenario would have resulted if the IRT and BMT had been allowed to make fare increases in the name of maintaining profitability. |
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