Last week the MTA announced that it will be raising fares on the subway system here in New York and that it will also be raising the tolls on the bridges and tunnels that it operates. They need this extra money to cover the expenses of a large and financially ill-run system that allows for massive amounts of waste.
For instance, during the winter of 2010/2011 the above building at 4th Avenue and 9th Street was torn down and rebuilt. Then last month, it was torn down again. After sitting idle for several weeks, it is once again being rebuilt.
The MTA, it’s a place where fiduciary responsibility has nothing to do with regards to billions of dollars in revenues and operating costs.