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  #2681  
Old Posted Mar 12, 2020, 1:53 PM
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Ok boomer
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  #2682  
Old Posted Mar 12, 2020, 2:02 PM
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mta debt



MTA debt will take one-fifth of revenue by 2023, state comptroller warns


State Comptroller Tom DiNapoli believes the MTA is in rough shape financially considering a fifth of its revenue will be put toward debt repayment from now through 2023.

But the transit agency is not sweating the situation countering that the situation has improved in recent years and that the amount they owe is not only manageable, but their ratings are also in good shape.

“The MTA’s ambitious capital program promises significant improvements, but there are still too many unanswered questions,” DiNapoli said. “Heavy reliance on borrowing will also place additional pressure on the operating budget, which already faces risks. Unless the MTA can change the way it does business and reduce costs, for example, riders could be saddled with even higher fares and tolls than already planned.”


more:
https://www.amny.com/transit/mta-deb...troller-warns/
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  #2683  
Old Posted Mar 14, 2020, 5:14 PM
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current penn-struction







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  #2684  
Old Posted Mar 16, 2020, 9:46 PM
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welp it looks like as of today transit is staying open for business.

i wonder if they go on a weekend schedule for awhile though?

we'll see.


Coronavirus prompts regional Tri-state coalition response to pandemic


In a Monday news conference governors Andrew Cuomo, Phil Murphy and Ned Lamont said business such as bars, gyms and theaters would now face tight restrictions to prevent further spread of COVID-19 in each state as a coordinated, uniformed approach to containment.

But Cuomo was equally resolute that the transit systems in New York would remain available to the public.


https://www.amny.com/coronavirus/cor...e-to-pandemic/
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  #2685  
Old Posted Mar 17, 2020, 12:37 AM
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Originally Posted by mrnyc View Post
welp it looks like as of today transit is staying open for business.

i wonder if they go on a weekend schedule for awhile though?

we'll see.


Coronavirus prompts regional Tri-state coalition response to pandemic


In a Monday news conference governors Andrew Cuomo, Phil Murphy and Ned Lamont said business such as bars, gyms and theaters would now face tight restrictions to prevent further spread of COVID-19 in each state as a coordinated, uniformed approach to containment.

But Cuomo was equally resolute that the transit systems in New York would remain available to the public.


https://www.amny.com/coronavirus/cor...e-to-pandemic/
FWIW, Philly regional rail is going on a Saturday schedule as of tomorrow, although subways are on regular schedule, even though the city is on complete shutdown.
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  #2686  
Old Posted Mar 17, 2020, 1:13 PM
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i would guess everything will go to a weekend type schedule at some point for awhile, but who knows?
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  #2687  
Old Posted Mar 18, 2020, 8:00 AM
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a bit of good news we could use.

75% of mnrr now has the ptc safety system in place:


https://www.amny.com/transit/tech-to...orth-railroad/
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  #2688  
Old Posted Mar 19, 2020, 4:15 PM
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well, here's the hard news to date



Cash 'Calamity' Looms for Mass Transit

Mass transit — the lifeblood of New York City and across the region -— has remained running normally, albeit with many fewer people.

MTA Chairman Pat Foye said that a funding "calamity" looms because of the plunge in ridership; he said the agency has lost hundreds of millions in unexpected expenses and that a federal bailout is "urgently" needed.

The MTA needs around $4 billion. Asked Wednesday what would happen if a bailout didn't come, Foye told 1010 WINS he would not even contemplate it.

New York City subways are down 60 percent, with buses down nearly 50 percent. Commuter railroads have been hit even harder: LIRR is down 67 percent, while Metro-North is down a staggering 90 percent, a number almost hard to believe for one of the busiest rail systems in America.

NJ Transit, which also runs one of the nation's busiest commuter networks, has asked Congress for a $1.25 billion bailout just to survive, according to Politico. CEO Kevin Corbett said ridership has plunged 88 percent in 10 days, just since March 9, and that fare revenue has fallen accordingly, Politico reported.



more:
https://www.nbcnewyork.com/news/coro...-dead/2333955/
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  #2689  
Old Posted Mar 22, 2020, 11:46 PM
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rear door boarding on most busses:


https://www.amny.com/transit/mta-imp...al-distancing/
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  #2690  
Old Posted Mar 26, 2020, 3:40 PM
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a pilot for street closures to start:


Mayor Bill de Blasio has picked one street to be converted to pedestrian-only corridors in Manhattan, Queens, Brooklyn and the Bronx, for a pilot running from Friday, March 27, to Monday, March 30.

Each of the following streets will be closed to cars from 10 a.m. to 7 p.m. for the four-day test.

The closures in total make up roughly 1.6 miles of the city’s 6,000 miles of roads:

Manhattan: Park Avenue, between 28th Street and 34th Street
Brooklyn: Bushwick Avenue, between Johnson Avenue and Flushing Avenue
Queens: 34th Avenue, from 73rd Street to 80th Street
The Bronx: Grand Concourse, between East Burnside Avenue and 184th Street


more:
https://nypost.com/2020/03/26/nyc-ou...irus-shutdown/
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  #2691  
Old Posted Mar 27, 2020, 12:13 PM
jtown,man jtown,man is offline
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Question, here in Chicago we are obviously also dealing with transit numbers going down 70-80%. When they calculate the loss in revenue do they just count everyone who stops riding as loss revenue?

I ask because I have a monthly pass, so I already paid for the month and I am sure a decent amount of other people are in the same boat. Do we get counted as "loss revenue" even though we already paid?
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  #2692  
Old Posted Mar 27, 2020, 2:16 PM
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Quote:
Originally Posted by jtown,man View Post
Question, here in Chicago we are obviously also dealing with transit numbers going down 70-80%. When they calculate the loss in revenue do they just count everyone who stops riding as loss revenue?

I ask because I have a monthly pass, so I already paid for the month and I am sure a decent amount of other people are in the same boat. Do we get counted as "loss revenue" even though we already paid?
Yeah I was wondering the same. I'm keeping my monthly pass (it's a pretax benefit and must be canceled ahead of time anyway so hard to predict), so I assume that my lack of riding only helps farebox recovery...
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  #2693  
Old Posted Mar 29, 2020, 8:32 PM
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even though i work all over over city, i don't take too many trips per day, so i eventually decided a monthly pass wasn't worth it for me. for past year or so i just top up in dollar amounts every week with the account card they give us. so my twice weekly pretax money is just building up in an account.

as for how they count the revenue and lost revenue, i dk for sure. i assume they keep some kind of count of riders and farebox money coming in daily and judge off that. that would include monthly pass holders automatic charges. i know thats about 40% of the budget for mta. unfortunately, you also have to consider tolls and taxes, which are are other major sources of money and are taking a swan dive as well. so probably some estimating losses in what we are hearing? just a guess tho.
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  #2694  
Old Posted Mar 29, 2020, 8:56 PM
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longer waits ...


MTA reduces weekday train, bus service 30% after ridership takes plunge in pandemic


more:
https://www.amny.com/transit/mta-red...e-in-pandemic/
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  #2695  
Old Posted Mar 31, 2020, 12:57 AM
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and of course, with delayed trains come crowded trains. ugh.


https://nypost.com/2020/03/29/video-...irus-pandemic/
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