Learn today, plan for tomorrow.
Sign up for news and offers from Planetizen Courses, the online learning platform for planners.
$51 Billion Capital Investment Plan Sets Records for New York MTA
There are some very large contingencies still left to resolve (like funding from the federal government) but revenues generated from congestion pricing are allowing for new levels of transit infrastructure spending.
"The Metropolitan Transportation Authority hopes to commit $51 billion over the next five years to the resurrection of the region’s mass transit system," reports Dan Rubinstein.
The newly announced 2020-2024 MTA Capital Program is a game changer, significantly increasing the dollar figure on the agency's current capital investment plan. The money would be spent on improving accessibility to 66 subway stations, resignaling portions of six subway lines, new buses (including 500 all-electric buses), and the second phase of the Second Avenue Subway.
"While the program relies on funding from the congestion pricing scheme set to go into effect in 2021, as well as excess revenue from the MTA’s bridges and tunnels, it — crucially — also relies on nearly $11 billion in funding from the Trump administration, $3 billion from the de Blasio administration, and $3 billion from the state. The governor is on board. It’s not clear where the de Blasio and Trump administrations stand."
More details of the new plan are available in a press release from the New York MTA, published on September 16, 2019, and a New York Times article by Emma G. Fitzsimmons.
Published on Monday, September 16, 2019 in
Topics
- Texas Central High-Speed Rail Gets Green Light From Feds
- Landlords Facing Loss of Property and Income During Eviction Bans
- Senate Report Proposes Land Use and Transportation Reforms to Get Americans Out of Cars
- Houston Lacks Zoning—Or Does It? The State Supreme Court Will Decide
- An Online Portal for Designing Accessory Dwelling Units
- 10 of America's Most Beautiful Parks
- Keeping Gentrification From Following Green Space
- The Hypocrisies and Troubles of Local Control
- Mapping the Climate Change Future of the United States
- Constitutional Amendment Would Shift Some Gas Tax Revenue to Transit Spending in Nevada
- Mega-Project Aims to Transform South Boston
- Vision Zero on the Streets of D.C.
- A New Guide to Black Voices on the City
- Legacy Cities, Post-Pandemic
- Bike Ridership Booms in Some Unlikely Cities
- Gone by 2035: Gas-Powered Car Sales Have an Expiration Date in California
- Phoenix's Valley Metro Works on Three Light Rail Project During Pandemic Lull
- Pop-Up Bus Lanes Coming to Chicago
- Atlanta's Quarry Yards Bought for $127 Million by Microsoft; Development Plans Still Secret
- Rezoning a Wealthy Neighborhood in the Name of Equity
