Board approves $28 billion Capital plan, funding gap and allBy
While the MTA’s next five-year capital plan currently faces a funding gap of at least $10 billion, the agency’s Board voted its approval for the plan at yesterday’s monthly meeting. The next body to review the plan will be the mysterious Capital Review Board. Once they rubber-stamp the five-year plan, it will head to the legislature for debate and a vote. The plan includes more money for Phase I of the Second Ave. Subway as well as a few other big-ticket items across the region.