Paterson Makes the Case for Half a Loaf

ALBANY—Speaking about his compromise M.T.A. bailout plan, David Paterson said, "Right now I'm interested in anything that will clear up the immediate problem–the one that will come at the end of the month. The capital plan is not the real issue right now."

The plan would avert the worst of the immediate fare hikes Read More

The Money Pit

When Dick Ravitch went before a room full of reporters on the 38th floor of the governor’s midtown offices in December to present his plan to save the M.T.A. from fiscal upheaval, transit advocates who closely followed the process were surprised at an omission.

As expected, the former M.T.A. chairman called Read More

It’s Dick Ravitch to M.T.A.’s Rescue! Again

For more than three decades, Richard Ravitch has been typecast.

Governor after governor has unexpectedly—at least from Mr. Ravitch’s perspective—called on the wealthy developer, lawyer and investor to play the role of the public servant tasked with saving government organizations gone broke.

He chaired the Urban Development Corporation starting in 1975; was called Read More