Second Ave. Sagas: Inside The Times’ Deep Dive Into The Factors Behind The MTA’s Massive Cost Problems

Home/News/New York City/Second Ave. Sagas: Inside The Times’ Deep Dive Into The Factors Behind The MTA’s Massive Cost Problems

Second Ave. Sagas: Inside The Times’ Deep Dive Into The Factors Behind The MTA’s Massive Cost Problems

From Second Ave. Sagas:

Why do New York rail construction projects cost so much? In essence, with a $5-$6 billion tag attached to Phase 2 of the Second Ave. Subway on the horizon (let alone the recent politicking over the fate of the Gateway Tunnel), this is the big question plaguing New York. With limited dollars not going nearly as far as they do the world over, the MTA’s cost problems are a significant barrier to New York City transit expansion.

For years, those watching the MTA have rung the alarm on the agency’s high construction costs. I’ve written about cost concerns and the ever-increasing budgets for big-ticket MTA capital projects for years, and I’m not alone. Alon Levy has, since this post in 2011, charted the absurd costs of U.S. rail construction in detailed comparisons with international peers, and Stephen Smith, via the @MarketUrbanism twitter feed, has beaten the cost drum. When challenged, MTA officials have acknowledged that construction costs, but no one has tackled the twin issues of cost transparency and cost control. No one, that is, until last week, when The Times ran a massive front-page story charting all the reasons why NYC transit construction is so high.

As the finale in the series that started with an in-depth look at our unfolding transit crisis, Brian Rosenthal, with help from Doris Burke and Alain Delaquérière, has done what the MTA or the New York State Comptroller should have done years ago: They scrutinized MTA spending and took a deep dive into the agency’s contracting practices, staffing policies and lack of productivity in a way that lays bare just how bad the MTA is at managing big-ticket construction projects or getting a good return on its dollar. The article is, essentially, the story of how institutionalized corruption has become the norm in New York City. I highly urge you to read the entire piece and peruse through my instant reaction Twitter thread from Friday. I’ll excerpt a bit here.

Read the entire article: Second Ave. Sagas

Upcoming Events

There are no upcoming events at this time.

As a full-service trade association, ABC offers a variety of information, tools and services to its members.

Membership is available for general contractors, subcontractors, associates and suppliers.

2018-09-21T16:18:52-04:00