With Threat of Fare Hike, More Ideas for MTA to Save

With Threat of Fare Hike, More Ideas for MTA to Save

With talk of the MTA raising fares again after recently raising them (well, not the bus and subway base fare, but still), there are some suggestions about what the MTA can do instead.

For instance, City Councilman Eric Gioia proposed that the MTA sell its midtown building at 44th Street and Madison Avenue to raise money. He said, "There's no justification for the MTA to be on Madison Avenue. This is a glaring example of an asset being underutilized." Per the Sun, the MTA noted it has sold off expensive properties and is working on other cost cutting measures, but selling office buildings is not in the plans for now.

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Hmmm how about NOT selling a certain piece of land - Vanderbilt Yards, for 200 million under its value. How can the MTA demand a fare increase when they are giving money away to billionaires like Bruce Ratner - in down turned economic times, no less?