Comments on: MTA set to unveil $28-billion capital construction plan http://secondavenuesagas.com/2008/02/27/mta-set-to-unveil-28-billion-capital-construction-plan/ A New York City Subway Blog Sat, 22 Nov 2008 13:13:17 +0000 http://wordpress.org/?v=2.6 By: Alon Levy http://secondavenuesagas.com/2008/02/27/mta-set-to-unveil-28-billion-capital-construction-plan/#comment-28233 Alon Levy Thu, 28 Feb 2008 05:33:19 +0000 http://secondavenuesagas.com/2008/02/27/mta-set-to-unveil-28-billion-capital-construction-plan/#comment-28233 The federal government was running large deficits in times of growth, and the Fed had low interest rates in order to sustain the mortgage boom. The last time this happened was in the 1960s, and by 1969 there was already stagflation. The official definition of insanity is doing the same thing over and over and expecting different results. The federal government was running large deficits in times of growth, and the Fed had low interest rates in order to sustain the mortgage boom. The last time this happened was in the 1960s, and by 1969 there was already stagflation.

The official definition of insanity is doing the same thing over and over and expecting different results.

]]> By: Second Ave. Sagas | Blogging the NYC Subways » Blog Archive » Inside the MTA’s $29.5 billion program http://secondavenuesagas.com/2008/02/27/mta-set-to-unveil-28-billion-capital-construction-plan/#comment-28229 Second Ave. Sagas | Blogging the NYC Subways » Blog Archive » Inside the MTA’s $29.5 billion program Thu, 28 Feb 2008 05:01:33 +0000 http://secondavenuesagas.com/2008/02/27/mta-set-to-unveil-28-billion-capital-construction-plan/#comment-28229 [...] designed to cover maintenance, upkeep and system-wide expansions from 2009-2014. The plan, as I noted yesterday, is substantially similar to the broad the MTA presented to the public in November and would allow [...] [...] designed to cover maintenance, upkeep and system-wide expansions from 2009-2014. The plan, as I noted yesterday, is substantially similar to the broad the MTA presented to the public in November and would allow [...]

]]> By: Kevin http://secondavenuesagas.com/2008/02/27/mta-set-to-unveil-28-billion-capital-construction-plan/#comment-28194 Kevin Wed, 27 Feb 2008 21:00:07 +0000 http://secondavenuesagas.com/2008/02/27/mta-set-to-unveil-28-billion-capital-construction-plan/#comment-28194 Yeah no one back then could have predicted what's happening to the economy and inflation now. Yeah no one back then could have predicted what’s happening to the economy and inflation now.

]]> By: Marc Shepherd http://secondavenuesagas.com/2008/02/27/mta-set-to-unveil-28-billion-capital-construction-plan/#comment-28191 Marc Shepherd Wed, 27 Feb 2008 20:30:18 +0000 http://secondavenuesagas.com/2008/02/27/mta-set-to-unveil-28-billion-capital-construction-plan/#comment-28191 The amount of the cost increase over a six-year period is about right. The original estimate wasn't a lie. It was as accurate as could be done at that time. The amount of the cost increase over a six-year period is about right. The original estimate wasn’t a lie. It was as accurate as could be done at that time.

]]> By: peter knox http://secondavenuesagas.com/2008/02/27/mta-set-to-unveil-28-billion-capital-construction-plan/#comment-28182 peter knox Wed, 27 Feb 2008 19:54:03 +0000 http://secondavenuesagas.com/2008/02/27/mta-set-to-unveil-28-billion-capital-construction-plan/#comment-28182 It doesn't matter what they put on their website. They have told nothing but lies all along. The 3.8B goes back to 2002. Now, in 2008, you believe their claim that the price tag is 4.35B. If the Javits Center expansion went from 1.6 to 3.2 B in a couple of years, the SAS must be around 5.5B at least. Probably 6B. They only have around 2.7 billion in funding lined up. When is the other 3B going to come from? The MTA doesn't even have enough money to protect us in the subway lines we have. No wonder Bloomberg didn't show up for the groundbreaking for the SAS in April. He knew it was never going to happen. It doesn’t matter what they put on their website. They have told nothing but lies all along. The 3.8B goes back to 2002. Now, in 2008, you believe their claim that the price tag is 4.35B. If the Javits Center expansion went from 1.6 to 3.2 B in a couple of years, the SAS must be around 5.5B at least. Probably 6B. They only have around 2.7 billion in funding lined up. When is the other 3B going to come from? The MTA doesn’t even have enough money to protect us in the subway lines we have. No wonder Bloomberg didn’t show up for the groundbreaking for the SAS in April. He knew it was never going to happen.

]]> By: Benjamin Kabak http://secondavenuesagas.com/2008/02/27/mta-set-to-unveil-28-billion-capital-construction-plan/#comment-28175 Benjamin Kabak Wed, 27 Feb 2008 19:19:59 +0000 http://secondavenuesagas.com/2008/02/27/mta-set-to-unveil-28-billion-capital-construction-plan/#comment-28175 Kevin: Can you point me toward that presentation? I can't find it. Kevin: Can you point me toward that presentation? I can’t find it.

]]> By: Kevin http://secondavenuesagas.com/2008/02/27/mta-set-to-unveil-28-billion-capital-construction-plan/#comment-28152 Kevin Wed, 27 Feb 2008 15:52:16 +0000 http://secondavenuesagas.com/2008/02/27/mta-set-to-unveil-28-billion-capital-construction-plan/#comment-28152 There's a presentation on the MTA website that says that the SAS now has an expected completion date of June 2015 with an estimated cost of approximately $4.35 billion, up about $300 million from the previous estimate. There’s a presentation on the MTA website that says that the SAS now has an expected completion date of June 2015 with an estimated cost of approximately $4.35 billion, up about $300 million from the previous estimate.

]]> By: Peter http://secondavenuesagas.com/2008/02/27/mta-set-to-unveil-28-billion-capital-construction-plan/#comment-27942 Peter Wed, 27 Feb 2008 13:09:48 +0000 http://secondavenuesagas.com/2008/02/27/mta-set-to-unveil-28-billion-capital-construction-plan/#comment-27942 The third LIRR track would - could - obviate the need for a Stewart Airport connection. The LIRR already goes to MacArthur Airport, or, that is, goes 99.9% of the way there, in slightly under an hour as presently scheduled. For an infinitesimal fraction of construction the Stewart connection, dedicated LIRR service to MacArthur - immediately adjacent to the LIRR Ronkonkoma Station - could be provided with express trains and perhaps even airline ticketing & check-in at Penn Station. During much of the day, getting to Penn Station & directly to MacArthur would probably be faster and certainly cheaper than a cab to JFK. The third LIRR track would - could - obviate the need for a Stewart Airport connection. The LIRR already goes to MacArthur Airport, or, that is, goes 99.9% of the way there, in slightly under an hour as presently scheduled. For an infinitesimal fraction of construction the Stewart connection, dedicated LIRR service to MacArthur - immediately adjacent to the LIRR Ronkonkoma Station - could be provided with express trains and perhaps even airline ticketing & check-in at Penn Station. During much of the day, getting to Penn Station & directly to MacArthur would probably be faster and certainly cheaper than a cab to JFK.

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