Re: Tuscarora Almanac for May 12 (1436013) | |||
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Re: Tuscarora Almanac for May 12 |
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Posted by Elkeeper on Sat May 13 21:27:17 2017, in response to Re: Tuscarora Almanac for May 12, posted by Edwards! on Sat May 13 20:25:05 2017. Between building the IND 6th Ave subway, buying out the BMT, IRT, and Manhattan Railway, demolition costs, and legal fights, LaGuardia almost bankrupted NYC. He never considered the costs of the whole Unification process. Laguardia liked Thomas E Murray Jr's theory that the IRT could be debt free minus the Manhattan els. But it cost a lot more. Murray was the very capable receiver of the bankrupt IRT, who, in 1938, almost succeeded in spinning off the MER els. |