This video was published on YouTube on November 28.
The Metropolitan Transportation Authority, which manages New York’s transit system, is at a crossroads after decades of underfunding and neglect.
It
either invests as much as $40 billion over the next decade in an
overhaul, or it descends into a “death spiral,” says Andy Byford, who
oversees the subways and buses.
That’s
the pitch Byford, 53, is making to disgruntled riders and taxpayers at
town-hall meetings, to the City Council during hours of testimony, and
to business executives at breakfasts and other gatherings.
“You don’t get the billions you need by just going to Albany
with a begging bowl,” Byford, recruited a year ago to run New York City
Transit, told executives at a Crain’s Magazine breakfast this month.
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Source: Bloomberg (via Empire Report New York)
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