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A $221-million cutback in anticipated revenue will push somesubway and bus capital improvements further into the 1990s, TransitAuthority officials said yesterday. Transit officials blamed a variety of reasons for the cutbacks, including a $93-million reduction in anticipated revenue from the scaled-down proposal for development on the site of the Coliseum at Columbus Circle. The site is owned by the MTA.
Also, the TA will receive $122 million less in federal grants than it had anticipated in its last 10-year plan, and $28 million less in Westway "trade-in" funds - money earmarked for the now-defunct highway project that the city was supposed to get for mass transit instead. On...