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| Re: Should the city take back its buses and subways? (1507176) | |||
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Re: Should the city take back its buses and subways? |
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Posted by randyo on Sat Mar 16 16:11:26 2019, in response to Re: Should the city take back its buses and subways?, posted by Stephen Bauman on Fri Mar 15 23:52:51 2019. And the city still owns them, the MTA merely operates them. One problem arises with the city’s taking over the operation of the subways is the ownership of the rolling stock, signal equipment, and other infrastructure items. Back in the pre MTA days, the rolling stock was actually purchased by and property of the City of New York. Starting with the R-32s certain of the rolling stock was purchased by the NYCTA and not the city. Signal contracts were also between the signal supplier and the city not the NYCTA. Later equipment was purchased outright by the MTA. Now in all likelihood the MTA will continue to exist to operate the LIRR and M/N and probably even the bridges and tunnels. The city if it were to take over complete operation of the subways and buses would either have to pay rental on the equipment such as the buses and rolling stock or purchase them outright because I doubt that Prince Andrew would allow such a large part of a state agency to be removed without some sort of heavy penalty. |
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