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"...estimate that a grand bargain would allow the building of roughly 411,000 new private housing units over 10 years, as well as generate some $54 billion in e
by ardit33 9y ago
"...estimate that a grand bargain would allow the building of roughly 411,000 new private housing units over 10 years, as well as generate some $54 billion in extra revenue for the MTA during the same period."
Thats a lot of money for the MTA.... it ends being about 12-15k per apt, which is chump change for NYC standards.
Too bad the MTA is a semi-corrupt organization, that can't build efficiently enough.
- hapless 9y agoThe MTA is already budgeted for 32 billion in new capital acquisitions across the next five years. City revenues are 93 billion annually. The City government could easily fund the extra 5bn/year out of the general fund without any hinky schemes. It chooses not to because the MTA wastes substantially all of its capital spending -- adding City money to the bonfire won't be rewarded by voters. Given the MTA's track record, an extra $5 billion a year would buy us what, _one_ extra subway station, ten years from now?
- DrScump 9y agoit ends being about 12-15k per apt How much MTA revenue is made from each apartment today? I seriously doubt that it's over $100/month average per apartment.