The Lease

In light of the fact that New York City leases the tunnels, elevated lines, stations and tracks of the subway system to New York City Transit, and in light of the fact that that lease may be rescinded with a years' notice, I would suggest that specific capital improvements and improvements in operations and management, designated by the New York City Council, be made a part of the lease requirements; we citizens of New York City need not be held hostage by the MTA. The requirement that 100% of the funds generated by any congestion plan must be dedicated to system improvements could also be made part of the lease agreement. These provisions should be an integral part of any congestion pricing implementation; the Fed's offer of $354 million for express buses will not provide enough benefit to offset the harm that will be caused by congestion pricing in its present form.