Search results
Results from the WOW.Com Content Network
Empire Corridor: Amtrak owns the 11 miles (18 km) between New York Penn Station and Spuyten Duyvil, New York. In 2012, Amtrak leased the 94 miles (151 km) between Poughkeepsie, New York, and Schenectady, New York, from owner CSX. [131] In addition, Amtrak owns the tracks across the Whirlpool Rapids Bridge and short approach sections near it. [132]
This budget deficit has resulted in various problems, mainly concentrated in New York City. New York City Subway fares have been increased four times since 2008, with the most recent occurring August 20, 2023, raising single-ride fares from $2.75 to $2.90, express service from $6.75 to $7.00 and the monthly MetroCard fare from $116 to $132.
Let's privatize Amtrak too. Despite being structured like a corporation, it's owned by the federal government and operates with chronic deficits. Taxpayers fork over more than $3 billion annually ...
The New York State Constitution, Art.X, sec. 5, provides that public benefit corporations may only be created by special act of the legislature. In City of Rye v. MTA, 24 N.Y.2d 627 (1969), the court of appeals explained that "The debates of the 1938 Convention indicate that the proliferation of public authorities after 1927 was the reason for the enactment of section 5 of article X....
After getting billions in federal funding, Amtrak is ‘trying to claw 19th century and 20th century assets and pull them into the 21st century,’ CEO says Paolo Confino May 10, 2024 at 3:50 PM
Traveling by train is not entirely out of fashion in the US. Today, Amtrak is the main provider of intercity rail travel; the government-owned system runs on more than 21,400 miles of track and ...
The United States federal government chartered and owned corporations operate to provide public services. Unlike government agencies such as the Environmental Protection Agency, the Bureau of Indian Affairs, or independent commissions, such as the Federal Communications Commission, the Nuclear Regulatory Commission, and others, they have a separate legal personality from the federal government.
Amtrak went from becoming a train operator to now also a “huge capital program management entity” and “a construction company,” according to Gardner. Changing so much of its DNA has come ...