Wednesday, April 9th, 2008
If I Give You Two Dollars And Get Back Three Dollars . . .
You could look at it this way, as in “Thanks, Shelly”:
With the death of Mayor Michael Bloomberg’s congestion pricing plan, a host of mass transit projects promised to skeptical lawmakers to garner their votes is in danger. For instance, Staten Island will not get 33 new express buses that would have been purchased with a federal grant attached to the mayor’s proposal.
The borough also may not benefit from the North Shore Alternatives Study that would have examined solutions to ease the commutes between the Island and Manhattan and the Island and Jersey City. The long-talked-about study also would have explored the restoration of rail service on the former North Shore Rail right of way.
The study, which would cost at least $3 million, was included in the Metropolitan Transportation Authority’s $29.5 billion, five-year capital plan. Transportation sources say the long-term items in the under-funded plan would be among the first casualties as the agency scrambles to find a source of funding to compensate for the $354 million from the federal government that would have attended congestion pricing.
Or you could realize that the $200-plus million the city was going to spend on implementing congestion pricing or the $767 million the MTA was going to supposedly spend to accommodate new riders would buy a whole lot of of express buses . . .