Titan Worldwide, a company that sells advertising on the sides of buses for the cities of New York, Boston and Minneapolis, is unable to pay millions of dollars in ad revenue it owes to transit authorities.
"New York is among the hardest hit.
The company, Titan Worldwide, fell short a total of $7.5 million in mandatory payments to the Metropolitan Transportation Authority from February through April, citing lower than expected ad sales. That would be enough to buy 16 new buses for the authority, which recently received a state bailout in the face of multibillion-dollar budget deficits over the next few years.
'This is another example of the M.T.A.'s exposure to the global economic recession,' said Aaron Donovan, a spokesman for the authority, which plans to raise fares and tolls by about 10 percent in June.
Titan sells ads that appear on buses and in Metro-North Railroad and Long Island Rail Road trains and stations, including Grand Central Terminal."
FULL STORY: Transit Authority Feeling the Pain From a Crippled Advertising Market
Suburban Politics Threaten to Derail Transit Recovery
Some of the country’s largest public transit systems are scrambling to find new sources of revenue as emergency aid dollars dry up, but some stakeholders don’t see their value.
A Grim Financial Outlook for Transit Agencies
Transit ridership will likely remain below pre-pandemic levels through 2024, according to analysts.
Opinion: Fare Evasion Is a Red Herring
The loss of revenue from fare evasion is a drop in the bucket compared to the fiscal cliff facing major U.S. transit agencies.
Trump Administration Could Effectively End Housing Voucher Program
Federal officials are eyeing major cuts to the Section 8 program that helps millions of low-income households pay rent.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Ken Jennings Launches Transit Web Series
The Jeopardy champ wants you to ride public transit.
Driving Equity and Clean Air: California Invests in Greener School Transportation
California has awarded $500 million to fund 1,000 zero-emission school buses and chargers for educational agencies as part of its effort to reduce pollution, improve student health, and accelerate the transition to clean transportation.
Congress Moves to End Reconnecting Communities and Related Grants
The House Transportation and Infrastructure Committee moved to rescind funding for the Neighborhood Equity and Access program, which funds highway removals, freeway caps, transit projects, pedestrian infrastructure, and more.
From Throughway to Public Space: Taking Back the American Street
How the Covid-19 pandemic taught us new ways to reclaim city streets from cars.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Heyer Gruel & Associates PA
Ada County Highway District
Institute for Housing and Urban Development Studies (IHS)
City of Grandview
Harvard GSD Executive Education
Toledo-Lucas County Plan Commissions
Salt Lake City
NYU Wagner Graduate School of Public Service