Richard Ravitch

The next mayor will have to take the lead on transportation funding challenges that, while difficult to address in campaign speeches, are critical to the city's future, former lieutenant governor and MTA chairman Richard Ravitch said today at a Fordham University infrastructure forum.

New York's infrastructure is dangerously underfunded and threatening to cripple the region's economy, warned former lieutenant governor and MTA chairman Richard Ravitch in a speech on Thursday.

With Governor Paterson's political career flaming out in spectacular fashion, speculation is rampant that he might step down any day, thrusting Richard Ravitch into New York state's executive office.

A Monday editorial from Crain's questioned the wisdom of sacrificing MTA head Lee Sander as part of any transit rescue plan, as rumors swirl that Governor David Paterson wants Marc Shaw to return to the agency's top spot.

The MTA's doomsday scenario came closer to fruition today, as agency board members took a step toward implementing planned fare hikes and service reductions while state lawmakers appeared mired in stalemate. Here are a few tidbits.

Here's one little problem with the Kruger, Diaz, Espada, Monserrate MTA financing plan: They got the math wrong.

There's MTA rescue news today from the State Senate, and none of it good. 

As Albany lawmakers ponder which of a half-dozen Ravitch plan variations they might support, the possibility looms that no solution may come in time. New Yorkers could see their fares rise 25 percent while service is cut back -- a twin catastrophe in this tough economic time. Yet no big new ideas are being advanced to protect mass transit users, which is why I believe the time has come for consideration of Ted Kheel’s and my traffic plan.

Included on the State Senate's "MTA Ideas" web site is a PDF of the governor's proposed MTA bailout plan. It is a huge bill which generally seems to echo the proposals made by the Ravitch Commission. Streetsblog will summarize the proposal as soon as we can digest its 78 pages. In the meantime, please share your impressions in the comments.