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| Re: Shuttle of New York City (1404336) | |||
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Re: Shuttle of New York City |
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Posted by Elkeeper on Wed Aug 3 21:39:47 2016, in response to Re: Shuttle of New York City, posted by Bronx boy on Wed Aug 3 20:45:17 2016. Thank you, again! From all that I have read, the Manhattan Elevated Railway must have driven a hard bargain when it allowed itself to be leased by the IRT. Not only did they get to keep their own elevated type third rail, but it seems they had a free hand in designing the Anderson Ave tunnel to exclude future use by the IRT subway. All that, plus a guaranteed 7% return on their bonds from the IRT (re-negotiated to 5% in 1923). |
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