Management & Operations

METRO Briefs

Posted on September 6, 2007

Subprime crisis squeezes transit funds
NEW YORK CITY — With the subprime mortgage crisis impacting the real estate market in New York City, the Metropolitan Transportation Authority will likely receive less revenue from real estate transaction fees. Mayor Michael Bloomberg says this shortfall could be bridged if his congestion pricing plan were enacted. To read the full story, click here. CTA plans fare hikes, service cuts
CHICAGO — The Chicago Transit Authority will go forward with fare increases and service cuts planned to begin Sept. 16 if the agency doesn’t get state funding. Illinois legislators in the House this week rejected a tax package that would have benefited Chicago-area mass transit systems. To read the full story, click here. L.A. light rail project gets funding
SACRAMENTO — California transit officials have greenlighted $315 million for the Exposition Light Rail line project, which will connect Los Angeles’s Westside to Culver City and eventually Santa Monica. Funding had been stalled in the state’s legislative budget deadlock. To read the full story, click here.

View comments or post a comment on this story. (0 Comments)

More News

Gibson to lead west transit, rail practice for WSP | PB

His experience includes rail systems projects throughout the U.S. and internationally, including the implementation of systems and track work for a major light rail transit extension in St. Louis.

Profile: Susan Shaheen, Co-Director, Transportation Sustainability Research Center

Susan is an expert on the subject of carsharing. Today, we are using Lyft to travel from her office to the Downtown Berkeley BART station, where we will take the subway to have lunch in the Financial District of San Francisco.

COTA's Stitt announces retirement plans

During his tenure, he oversaw the transformation of public transit in Central Ohio, including a downtown circulator, an airport shuttle, and a comprehensive redesign of the entire bus network.

MARTA to add fresh produce kiosks at four rail stations

The markets provide a convenient shopping alternative for fresh, affordable, and locally grown produce.

U of Fla., FDOT, City partner to create ‘smart testbed’ for advanced technologies

This will be the first such program in Florida to involve a city, a university, and a state DOT. It will also involve industry partnerships to facilitate the development and operation of test bed.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment


Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close