Passenger Trains > NY MTA braces for 5B debt load to fund repairs

http://www.nydailynews.com/new-york/mta-braces-5b-debt-load-fund-cuomo-championed-repairs-article-1.3197949

Barron's had a piece last week about the increasing concern that ratings agencies have for NY, NJ, CT, IL, MA, CA etc as more and more debt is piled on general obligation and agency credit. More and more debt as wealthy residents and companies flee rarely ends well.

NY has a lot of big question marks on the Tappan Zee bridge. Costs are unclear, the tolls for the new bridge haven't been revealed, but may exceed $120 one way (which would let Port Authority raise its GWB tolls).

Lackawanna484 Wrote:
-------------------------------------------------------
> NY has a lot of big question marks on the Tappan
> Zee bridge. Costs are unclear, the tolls for the
> new bridge haven't been revealed, but may exceed
> $120 one way (which would let Port Authority raise
> its GWB tolls).

$120??? Is it valet? Holy crap-

Lackawanna484 Wrote:
-------------------------------------------------------
> NY has a lot of big question marks on the Tappan
> Zee bridge. Costs are unclear, the tolls for the
> new bridge haven't been revealed, but may exceed
> $120 one way (which would let Port Authority raise
> its GWB tolls).

$120 toll for a single crossing (or even two crossings) would be quite spectacular I should think. Who is going to pay that much? That would be over $2400 for four weeks of workday crossings!

Did you mean to say $12?

Jishnu Wrote:
-------------------------------------------------------
> Lackawanna484 Wrote:
> --------------------------------------------------
> -----
> > NY has a lot of big question marks on the
> Tappan
> > Zee bridge. Costs are unclear, the tolls for
> the
> > new bridge haven't been revealed, but may
> exceed
> > $120 one way (which would let Port Authority
> raise
> > its GWB tolls).
>
> $120 toll for a single crossing (or even two
> crossings) would be quite spectacular I should
> think. Who is going to pay that much? That would
> be over $2400 for four weeks of workday
> crossings!
>
> Did you mean to say $12?

Truck tolls. That got lost as I tightened the text.


Its about $95 now.

Posted from Android

Lackawanna484 Wrote:
-------------------------------------------------------
> Jishnu Wrote:
> --------------------------------------------------
> -----
> > Lackawanna484 Wrote:
> >
> --------------------------------------------------
>
> > -----
> > > NY has a lot of big question marks on the
> > Tappan
> > > Zee bridge. Costs are unclear, the tolls for
> > the
> > > new bridge haven't been revealed, but may
> > exceed
> > > $120 one way (which would let Port Authority
> > raise
> > > its GWB tolls).
> >
> > $120 toll for a single crossing (or even two
> > crossings) would be quite spectacular I should
> > think. Who is going to pay that much? That
> would
> > be over $2400 for four weeks of workday
> > crossings!
> >
> > Did you mean to say $12?
>
> Truck tolls. That got lost as I tightened the
> text.
>
>
> Its about $95 now.
>
> Posted from Android

I always wondered why CSX hasn't looked into a east side of the Hudson TOFC/COFC service.  The line as far as Tarrytown is cleared for multilevels and the avoidance of tolls would be the main marketing attraction.  Terminal cost may be the biggest reason but you could draw traffic out of NY and western Connecticut.

NYSWSD70M Wrote:
>
> I always wondered why CSX hasn't looked into a
> east side of the Hudson TOFC/COFC service.  The
> line as far as Tarrytown is cleared for
> multilevels and the avoidance of tolls would be
> the main marketing attraction.  Terminal cost may
> be the biggest reason but you could draw traffic
> out of NY and western Connecticut.

And there's the land where the old GM plant used to be at Tarrytown. If railroad intermodal can't compete with a toll on a single bridge that costs trucks $95-120, that doesn't seem like railroads are a good business model.

The state spent a bundle on the Oak Point connection to facilitate freight into the Bronx.

Even with the NY&A interchange, is there just one daily train to Selkirk?

Posted from Android