Transportation Industry
Real estate revenues - the New York, New York, Metropolitan Transit Authority recorded $79 million in real estate revenues during 1994 - Brief Article
Railway Age, May, 1995
REAL ESTATE REVENUES, ranging from suburban parking lot fees to rent from the Oyster Bar in Grand Central Terminal, added a record $79 million to New York MTA's income in 1994. "Revenue generated in the transit system goes straight back to help support and improve transit services," said MTA Chairman Peter E.
Stangl. "Shrinking state, city, and federal subsidies to mass transit make such revenue sources even more important.
COPYRIGHT 1995 Simmons-Boardman Publishing Corporation
COPYRIGHT 2004 Gale Group
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