NYC Transit President Andy Byford's $37 billion, ten-year "MTA Fast Forward" proposal is little more than a fundraising prospectus for potential transportation investors.
Assume the next MTA Five Year 2020-2024 Capital Program Plan starts out at $30 billion. Billions will already be earmarked for phase two of the Second Avenue Subway, LIRR East Side Access to Grand Central Terminal, and Main Line Third Track projects.
Additionally, the backlog of unfunded NYC Transit, LIRR and Metro North safety and state-of-good-repair projects not included under Fast Forward combined far exceed $30 billion.
How will the MTA find funding for Byford's proposed ten-year subway system recovery plan? Will Cuomo and de Blasio come up with billions more each per year over the next ten years?
The odds are slim to none.