MTA NYC Subway Repairs
Photo: Courtesy of MTA

Although it’s obvious New York City’s subway system remains in desperate need of repair, it’s less clear how these renovations, and the required infrastructure maintenance, will be funded. During a “Fixing Mass Transit” event hosted by Crain’s, a former official with the Metropolitan Transportation Authority, Michael Horodniceanu, suggested creating a “transit-maintenance district.” By adding a $1.50 charge to the core business district’s $60-to $70-per-square-foot rents, more than a billion dollars could be raised for transit upkeep, Horodniceanu said.

 

Find out more about the proposed plan at 6sqft...