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Where Are We on Transit?

Janno Lieber Chair and CEO, Metropolitan Transportation Authority
Nicole Gelinas Senior Fellow, Manhattan Institute
Mon, Dec 5, 2022 New York, N.Y.

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Where Are We on Transit?

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event

Where Are We on Transit?

Janno Lieber Chair and CEO, Metropolitan Transportation Authority
Nicole Gelinas Senior Fellow, Manhattan Institute New York, N.Y. 08:00am—10:00am
Mon Dec 5
Mon Dec 5 2022
PAST EVENT Mon Dec 5 2022

Please contact events@manhattan-institute.org if you are interested.

As 2022 comes to a close, the state-controlled Metropolitan Transportation Authority continues to confront historic pandemic-related challenges even as it marks critical recovery successes. In terms of successes, first, weekday subway ridership is now often at two-thirds of the pre-pandemic normal, up from an average of less than half during 2021. This increase in ridership both reflects and enables New Yorkers’ return to their pre-pandemic office and leisure activities, and thus supports the city’s economic recovery. Second, the MTA has made progress on major capital-construction projects, from modernizing subway-line signals and inaugurating new bus lanes to planning for the next phase of the Second Avenue Subway.

On the more challenging side, the MTA still faces a violent-crime crisis. There have been a quarter-century high nine murders on the transit system in 2022 thus far, which deters some riders from returning. The MTA also faces a long-term fiscal crisis, with annual $2.5 billion budget deficits looming as soon as federal rescue funds run out in 2025. Finally, the MTA must determine the specifics of its planned congestion-pricing program, under which it will charge car and truck drivers between $9 and $23 to enter Manhattan below 60th Street, with the proceeds to fund transit improvements.

The event will discuss these issues and more. Please join us at the Yale Club in NYC on Monday, December 5th. Breakfast will be served and followed by the discussion.

TOPICS
Urban PolicyNYCInfrastructure & Transportation
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