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Started By
Message
MTA demands $750,000 for NY Marathon to continue using their bridge
Posted on 4/3/24 at 7:33 am
Posted on 4/3/24 at 7:33 am
NYT Link
Paywall Bypass
Paywall Bypass
quote:
The M.T.A. has quietly demanded roughly $750,000 a year from the organization that runs the marathon, to make up for the toll revenue that the authority loses when it closes the Verrazzano — North America’s longest suspension bridge — to vehicular traffic, according to interviews and memos reviewed by The New York Times.
quote:
The dispute pits the M.T.A., whose finances have suffered a post-pandemic commuter decline, against an organization that derives the bulk of its fund-raising from the wildly popular bridge-dependent event — and then uses those funds to support running activities for the rest of the year, many of them free.
quote:
Rob Simmelkjaer, the chief executive of the Road Runners, pleaded his group’s case in a February letter to Gov. Kathy Hochul, who effectively controls the M.T.A., warning that the start of the marathon was “now in danger.”
Mr. Simmelkjaer pointed out that the marathon was a homegrown institution that draws more than one million spectators and provides substantial economic benefits to New York City.
He also highlighted a certain irony in the M.T.A.’s messaging. Even as the authority has insisted that the marathon is unacceptably costly, it has also praised the race for driving up subway ridership, which boosts the M.T.A.’s fare revenue.
The day after the marathon in November, both the governor and the M.T.A. put out a news release citing those higher ridership numbers: “Marathon runners and spectators alike took the subway to Sunday’s race, accounting for 2,304,683 paid rides, the highest for a Sunday in almost four years,” it read.
quote:
The Road Runners also began paying for personnel costs linked to closing the bridge in 2021. Last year, the group was charged $150,000, the organization
Posted on 4/3/24 at 7:35 am to Ingeniero
You also have to consider the carbon footprint of a million people vs an ev using the bridge
Posted on 4/3/24 at 7:35 am to Ingeniero
Looks like good old fashioned political extortion to me.
Posted on 4/3/24 at 7:38 am to Ingeniero
It’s raising $750,000/ day? $275m a year?
Posted on 4/3/24 at 7:41 am to Ingeniero
That might cover “overtime” for three MTA managers this year
Posted on 4/3/24 at 7:42 am to baldona
quote:
It’s raising $750,000/ day? $275m a year?
There are a lot of people on the Union payroll to collect tolls or operate the EZ Pass system.
There are also some subsidies that are probably going to Subway service.
Posted on 4/3/24 at 7:45 am to TDTOM
quote:
Good
Good? It's ludicrous (Ludacris). The NYCM spectator spending brings in 8 figures in revenue and is a cash cow.
Posted on 4/3/24 at 7:46 am to Ingeniero
quote:
Road Runners “is charging $315 per entry to the marathon in 2024,” Ms. Sheridan wrote in her March email to Mr. Simmelkjaer. “But the marathon sells out irrespective of the entry fee, and you could easily recover proper compensation to the M.T.A. through a slight fee increase, so I’m genuinely confused why you are insisting that less advantaged New Yorkers subsidize the N.Y.R.R. and marathon runners.”
frick these people
Posted on 4/3/24 at 7:47 am to baldona
Wikipedia says ~200,000 crossings per day with a toll of over $6. I doubt that's accurate for a Sunday morning though. And the Verazzanno is right at the start line, so it can reopen almost immediately after runners cross it
Posted on 4/3/24 at 7:48 am to Ingeniero
Not to mention everyone associated with the marathon taking the subway that day
Posted on 4/3/24 at 7:48 am to Sao
quote:
Good? It's ludicrous (Ludacris). The NYCM spectator spending brings in 8 figures in revenue and is a cash cow.
So.
Posted on 4/3/24 at 7:48 am to GetCocky11
quote:
frick these people
“You don’t deserve the money you’re earning based on what people believe your product is valued. We’re supposed to have it.”
The essence of our government
Posted on 4/3/24 at 7:49 am to Ingeniero
That's 1 or 2 DEI positions the MTA can
downsize
downsize
Posted on 4/3/24 at 8:00 am to Sao
quote:
Good? It's ludicrous (Ludacris). The NYCM spectator spending brings in 8 figures in revenue and is a cash cow.
If everyone was being on the up and up ( ), the issue here is the money the marathon is generating for the government, isn't necessarily being appropriated to the MTA.
So I imagine there are some fixes like the government can account for this through appropriations or the MTA can raise rates to account for the missing revenue but then that may cause further demand issues, etc.
In some respects the issue is possibly "real," but who knows what machinations are going on.
Posted on 4/3/24 at 8:03 am to Ingeniero
If a half million folks come to town to ride the subway, eat the food and stay in the hotels. They are spending a grand each. That’s prob what 110 bucks in taxes plus money directly to the TA. So 2.5 million in fares and 50 million in tax rev.
Yeah. Better shut that shite down
Yeah. Better shut that shite down
Posted on 4/3/24 at 8:13 am to tigerfoot
Sounds like a larger version of LSU and CATS…
It is going to happen because it is a big fricking deal but MTA is posturing for more cash because they think they have the power to get a payoff.
It is going to happen because it is a big fricking deal but MTA is posturing for more cash because they think they have the power to get a payoff.
Posted on 4/3/24 at 8:20 am to teke184
quote:
It is going to happen because it is a big fricking deal but MTA is posturing for more cash because they think they have the power to get a payoff.
They should book time w the mayor and ask for recuperation then, IMO. Leave tourism alone and dont sour it. It's way too lucrative.
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