Word: mta
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Dates: during 2000-2009
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Charlie was unlucky enough to venture on the T during the 1940s, the dark days of exit fares. By collecting ten cents as travelers entered the trains and five cents as they departed, the Massachusetts Transit Authority (MTA) could raise funds without changing its fare-collection equipment...
Even prior to the MTA’s request for proposals, Cablevision suspected foul play, according to Lynn. The MTA officials were negotiating exclusively with the Jets, without holding an open bidding process, Krieger says...
...that time, the Jets had only offered the city $150 million for the space. To make itself a contender and force a bidding process, Cablevision offered the MTA $650 million for the contract...
Cablevision’s bid forced the MTA to open the bidding process, Krieger said...
...think the members of the board at the MTA have a fiduciary obligation to get the highest value for the MTA and all of the people who use the transit system,” Lynn says. “That part is true especially because they have a massive budget crunch...