Hell, why not? If banks, auto manufacturers, and more are all bellying up to the pork buffet, why can’t the MTA?
Senator Chuck Schumer wants the federal government to write a check for a few billion dollars to bail out the MTA.
Just think, this could have been done back when Congestion Pricing was all the rage. It wouldn’t have been a bailout either. Under the Congestion Pricing plan, the city would have received a massive grant to fund the building of the infrastructure to get the system off the ground…to the tune of $500 million. Much of it would have also went to improving services to handle the expected increase in ridership.
Then, the city would have created a new and massive revenue source…all of the congestion pricing fees (taxes) that could have been funneled right back into maintaining the MTA services.
But noooo…we had to block that. F*cking idiots. Everyone who opposed that plan should be booted out of office.
Would it have completely avoided the current crisis? Probably not, but it would have done a ton to make it better. The estimated yearly revenue generated from the congestion pricing plan is around $491 million. That would have gone a long way to helping get us out of the disaster we are currently lost in.