It's crunch time for MTA as Sander makes money pitch.
"It's truly crunch time," Sander said during a New York Building Congress luncheon last week. "If they don't act by the end of March, the draconian budget I presented ... will go into effect."
Sander was referring to the agency's so-called doomsday spending plan, a proposal that is filled with hefty fare hikes and "massive service cuts" to fill holes in the transportation agency's operating budget and capital plan. Instead, the MTA wants the state to approve recommendations in the Ravitch Commission report such as tolls on the East River bridges and new payroll taxes.
Sander said the state must secure funding, not just for the future of the MTA but also for the future of the region. New York City can't remain competitive, he said, when the agency is relying on century-old technology. To illustrate his point. Sander held up a Queens line relay signal that was created in 1912. Sander held up the same device at an industry event earlier in the year.
"These next 4 to 8 weeks, I'm trying to push legislature to move on this," he said of the' Ravitch Commission report. "This is the point of no return."
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|Title Annotation:||Metropolitan Transportation Authority's Elliot G. Sander|
|Comment:||It's crunch time for MTA as Sander makes money pitch.(Metropolitan Transportation Authority's Elliot G.|
|Publication:||Real Estate Weekly|
|Article Type:||Brief article|
|Date:||Feb 4, 2009|
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