New York & Tri-State CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
NYCT Head Proposes “Massive” Transit Overhaul
The head of the Metropolitan Transportation Authority’s New York City Transit has released a plan to overhaul the city’s subway and bus system. The estimated cost is as much as $43 billion; it’s not clear where funding would come from.
Among other goals in the “Fast Forward” plan released by NYCT president Andy Byford is modernizing the subway system’s entire network of signals in 10 years, rather than the 40-year timeline of previous estimates. Byford also wants 650 new subway cars, 1,200 refurbished cars and 2,800 new buses in service in five years.
“As I said when my appointment was announced, what is needed isn’t mere tinkering, a few tweaks here and there,” Byford writes in the plan’s opening letter. “What must happen is sustained investment on a massive scale if we are to deliver New Yorkers the service they deserve and the transit system this city and state need.”
For comments, questions or concerns, please contact Paul Bubny
