New York City will put up half the $836 million to fund an emergency action plan that would address short- and long-term issues with the city’s subways. Mayor Bill de Blasio made the announcement this past weekend, after insisting for months that the state should foot the entire bill. The Metropolitan Transportation Authority unveiled the plan last July.
Both de Blasio and Gov. Andrew Cuomo claimed victory. A spokesman for the mayor said funding from the city had been contingent on a lockbox, ensuring that funds would only be used for subway repairs. “There are no excuses left for the governor to hide behind,” the spokesman said. “He must do his job and fix the subways.”
For his part, Cuomo blamed the city’s refusal to pay its share for the “significant delays” in implementing the plan. “We finally got the city to pay half the Subway Action Plan, hurray,” he said Sunday.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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