MTA May Sell Naming Rights To City Subway Stations
TRI-STATE NEWS HEADLINES
NEW YORK (CBSNewYork/AP) — The Metropolitan Transportation Authority is considering whether to raise money by selling naming rights to some of its stations.
The MTA recently drafted a set of rules outlining how to handle those types of corporate sponsorships and the board is set to discuss the issue next week.
Right now, nearly all of New York’s stations carry the name of streets intersecting the line.
But the authority has experimented with sponsorships in the past. In 2009 it changed the name of a major Brooklyn hub to “Atlantic Avenue-Barclays Center,” after the British banking firm put its name on the new arena for the Brooklyn Nets.
MTA official Stephen Morello tells The New York Times the revenue strategy deserves serious discussion.
You May Also Be Interested In These Stories:
- Thousands Participate In Jersey Shore Beach Cleanup
- Revel, Atlantic City Battle Over Property Taxes
- NYC Doctor With Ebola ‘Awake And Communicating'; Fiancee To Leave Hospital
- Report: Real Estate Company To Buy Citi Bike
(TM and © Copyright 2013 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2013 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)