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Agree, MTA must go bankrupt and restructure its liabilities, contracts, and overall cost structure to start from clean slate. Only after thorough and deep clea
by slt2021 2y ago
Agree, MTA must go bankrupt and restructure its liabilities, contracts, and overall cost structure to start from clean slate.
Only after thorough and deep cleanup it would gain taxpayer trust and be on a get-well plan to be more sustainable financially.
It would still operate in maintenance mode in the interim, while going through restructuring, NYC has no lack of financial restructuring professionals in downtown
- katbyte 2y agoYou can’t start from a clean slate with so much legacy infrastructure
- teractiveodular 2y agoYou actually can: not the infra of course, but the operating organization. In Melbourne, Australia, the state-run Public Transport Corporation was an MTA-style mess and the trains in particular were notorious for delays. In 2009, the operating contract was handed over to the company behind the Hong Kong Metro, and punctuality has ratcheted up from the low 80s to the mid-90s; not quite HK-style 99%, but still a marked improvement, all on the same crusty old infra. https://www.metrotrains.com.au/metro-performance/ https://www.metrotrains.com.au/metro-performance/
- slt2021 2y agoIts not about dismantling infrastruture, its about dismantling legal and contractual obstacles that keep MTA a financial disaster and corruption pit
- asah 2y agoYou misunderstand the power of organized labor, the oligopoly of skilled labor able to maintain and adapt the legacy infrastructure and the shocking cost of bespoke manufacturing. I'm on the boards of two Manhattan buildings and see the numbers and can't even imagine what MTA goes through.
- slt2021 2y agoIt is mafia, originally created by some “Italian families” of NYC. Time to break these regulatory capture for the public good and benefit of taxpayer, not the organized mob At least I would love to see the discourse in oublic and honest communication about actual issue and its root causes. Not some bogus “congestion”. There are actual people with names that have caused the mess
- asah 2y agoIf anybody is reading this, the mafia hasn't been a material force in NYC for decades, rendering this argument full-on racist ranting. sit2021 hasn't a clue.