De Blasio Offers MTA $2.5 Billion in Bid to End Impasse
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New York Mayor Bill de Blasio has offered to inject about $2.5 billion into the state’s transportation authority if Governor Andrew Cuomo promises to use it exclusively for subway, rail and bus facilities, said a person familiar with the negotiations.
The amount is below the $3.2 billion the governor has demanded from the city, according to the person, who asked not to be named. The money is to help fill a $9 billion gap in the Metropolitan Transportation Authority’s $27 billion plan for infrastructure, the person said.