Straphangers Campaign, Transportation Alternatives Denounce MTA Capital Plan

NEW YORK (CBSNewYork) Albany leaders have agreed to fund the last three years of the MTA’s current five-year capital plan, but it could mean fare hikes down the line.

The plan includes new subway cars and buses, improvements to stations, new elevators and escalators and an extension of the 7 Train line and the Second Avenue subway.

WCBS 880′s Marla Diamond reports 

Gene Russianoff of the Straphangers Campaign says that’s the good news.

“The bad news is we are going to need money down the line — not too far down the line — because the next capital plan is in 2015, and right now we are borrowing a lot of money,” Russianoff said. “It’s not real money in the bank, it’s money that we are going to hang on. And the MTA will owe $3 billion a year. $3 billion in interest payments.”

The $13 billion, three-year plan means that the MTA’s debt ceiling will be raised another $7 billion dollars, and the agency will borrow $2 billion from the feds.

“Getting those kinds of things fixed is critical to the decent, safe, affordable ride, so we bit the bullet,” Russianoff said.

The head of Transportation Alternatives called the arrangement an express train to higher MetroCard fares and less service.

Are you in favor of the capital plan, or does the potential of increased fares make it not worth it? Sound off below...


One Comment

  1. Robert Moses says:

    The solution is obvious: We should BAN public transportation and drive everywhere like REAL Americans.

  2. marx engels says:

    Get rid of the consultants, LiRo, STV, etc.

  3. David Smith says:

    We pay plenty of taxes including city taxes for this to work. The problem is all the workers that come into NYC and use the system but don’t pay city taxes. They should pay more for their ride than people that live in the city. Also the system always closes down and becomes useless during off hours. This is the time I need to use it but priority is given to the working week so that those from westchester/NJ that don’t pay city taxes can have their free ride. Time to charge outsiders an extra amount to fund this capital improvement!

Comments are closed.

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