On Sun, 29 Mar 2009 15:17:15 -0400, Ruben <ruben@www2.mrbrklyn.com>
wrote:
>On Sun, 29 Mar 2009 13:59:24 -0400, Bolwerk wrote:
>
>> The city, not the MTA, is financing the 7 Train extension with bonds
>> specifically issued for that purpose. It doesn't make a difference to
>> the MTA if it's yanked. They'll just be operating it.
>
>Even better. They can kill the LIRR and the & train extention both and
>use funds for both to keep and improve current service.
No they can't*. It would be illegal to do so, and in the case of the
LIRR connection, the MTA would have to reimburse the feds for all the
billions spent so far.
* OK, they could kill the projects, but the money that would have been
spent does not belong to the MTA and would (for the LIRR) simply be
spent on capital projects in other cities. Federal capital funds
cannot legally be used for operations. Maybe if people tell you this
enough times it will sink in.
--
Peter Schleifer
"Save me from the people who would save me from myself"



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