MTA Plans To Sell Headquarters, 2 Other Buildings

NEW YORK (CBSNewYork) — The cash-strapped Metropolitan Transportation Authority has announced the planned sale of three of its Midtown office buildings, including its headquarters.

The agency hopes to reap more than $150 million from the deal. The three 20-story buildings are located next to Grand Central Terminal.

The potential sales would impact 873 MTA workers who would be moved to a 30-story building the agency owns in the Financial District.

The MTA has laid off hundreds of workers and raised fares to close a multimillion dollar budget gap.


One Comment

  1. None Of Your Business says:

    Some money-saving tips for the MTA:
    1. Cut salaries and perks of the Board Chairman and Board members.
    2. Thin out the MTA bureaucracy and cut salaries, benefits and perks for the remaining staff.
    3. Don’t give in to union demands for featherbedding, excessive benefits, etc.

    Do I expect any of the above to be implemented? Are you kidding!!

    1. Auburn Dale says:

      Except for the Chairman, the MTA’s Board members are paid… ZERO. How do you plan to cut that?

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