John Kaehny

“Climate change is a reality… for us to sit here today and say this is a once-in-a-generation, and it’s not going to happen again, I think would be short-sighted… I’m hopeful that not only will we rebuild this city and metropolitan area but use this as an opportunity to build it back smarter.”

Is 2010 the year of bridge tolls? Or will it be 2011 or 2012? If the editorial boards and political insiders are even half right, New York State appears to be back on the brink of an epic fiscal crisis. Lieutenant Governor Richard Ravitch said today that the state faces a deficit of $9 billion to $18 billion next year. 

City parking meters are a gold mine, and in Chicago, Morgan Stanley is rolling in parking riches. Secret company documents leaked to reporters show the company will rake in a 70 percent profit margin this year from its $1.15 billion, 75-year lease of Chicago's parking meters. This profit is on top of the millions Morgan paid to buy new, high-tech meters. The good times will keep on rolling for investors: In 2010, after another meter price hike, Morgan expects to make monthly profits of $4.8 million, roughly 55 percent higher than in 2009.

When are the police finally going to reclaim the streets from speeding and dangerous driving?

"If I put train tracks down the street, you wouldn’t park your car on them. If I said this is a bus lane, somehow it becomes fair game. One person’s use of a road impacts upon another person’s use of the road. My point is, if we have to make a choice, make the choice for the bus, not for the car.”

“In London, you carry nearly twice as many people in the bus system as you do on the Underground.” In New York, the opposite is true. “We must close the gap and make more of the bus system.”

It appears Chicago politicians who privatized city parking meter operations traded short-term political gain for long-term fiscal pain.

Former MTA CEO Lee Sander spent the last two-and-a-half years doing his best to make the MTA a transparent, accountable public agency, and in doing so restore its reputation. He let the sunshine in, but was unable to undo the damage to the agency's image caused by years of attacks from transit advocates, unions and politicians.

Sheldon Silver's partial endorsement of the Ravitch Commission's MTA rescue plan [PDF], which includes East and Harlem River bridge tolls, offers the best political hope in years for reducing the daily truck tsunami pulverizing downtown Brooklyn and Lower Manhattan.

Included on the State Senate's "MTA Ideas" web site is a PDF of the governor's proposed MTA bailout plan. It is a huge bill which generally seems to echo the proposals made by the Ravitch Commission. Streetsblog will summarize the proposal as soon as we can digest its 78 pages. In the meantime, please share your impressions in the comments.