Manhattan Transfers

Mr. Walder's conveniently located living room

Last Swipe for Former MTA Chief Jay Walder’s $1.6 M. Condo

You can definitely say one thing about unit 9BC at 65 West 95th Street—it’s conveniently located. Near (five!) train lines and “just steps from Central Park,” the buyer of former MTA CEO Jay Walder’s condo is guaranteed a relatively painless trip wherever he or she is going.

As long as it’s not to Hong Kong, that is.

Mr. Walder’s three-bedroom co-op, listed for $1.68 million with Stribling brokers Jeffrey Stockwell and Shallini Mehra, is now in contract. Read More

Planes Trains & Automobiles

Walder works the crowd. (MTR)

First Day in Hong Kong, Jay Walder Pats Himself on the Back for M.T.A Leadership

Tuesday was Jay Walder’s first day on the million-dollar job in Honk Kong, and while the focus was on fair hikes there in his first press conference, the former M.T.A chief did not hesitate to take a swipe at New York, where frustrations with the politics and finances of the system drove him away.

“New York, when I arrived there, was in a financial crisis,” Mr. Walder said. “The system simply did not have enough money to continue to operate. The assets were not being renewed. And the infrastructure was in terrible condition.”

“What I did,” Mr. Walder continued, “was to be able to right that financial basis and to be able to put the system back on firm financial footing.” Read More

Planes Trains & Automobiles

(Getty)

The Visionary and the Bean Counter: Can Joe Lhota Get the M.T.A. on the Right Track?

When Jay Walder resigned from the M.T.A. earlier this year, the transportation community was mortified. Here was their messiah leaving for Hong Kong, his work barely begun. Transit wonks could hardly fathom who could take over for Mr. Walder, continuing his formidable task of transforming the agency in ways both subtle—cutting $4 billion in waste and efficiencies—and not—underground cellphones, Oyster cards, Bus Rapid Transit.

They were looking in the wrong place. Read More

Heads of State

Chris Ward chilling with another governor. (Newsday

Governor Cuomo Could Care Less About the M.T.A. and the Port Authority

Just not much less than he already does.

At least that is the impression given by our former colleagues over at Capital and WNYC, who point out that in the governor’s recently released schedules, no mentions are made of meetings with either agency’s head, Jay Walder or Chris Ward. As The Observer has previously reported, the governor has had limited contact with either Mr. Walder or Mr. Ward, despite their being in charge of two of the state’s most important and powerful agencies. Read More

Planes Trains & Automobiles

This is fixable.

If I Were Driving This Train: One N Rider’s Platform for Fixing the M.T.A.

The first thing on my platform is that the next M.T.A. chief need not be a train buff. He or she—or me specifically, since I’m hereby throwing my name out there—has to appreciate the economic essentiality of the authority, which moves the equivalent of New Jersey’s population (8.5 million, give or take) every weekday. But this is not a Lionel set; this is dollars and nonsense.

The next chief should know more about transit financing, particularly the warren navigated in simply keeping the four-pronged monster afloat. As it stands now, it’s a ready-made punch line, with the nation’s largest transit system held hostage to a dysfunctional Albany. Read More

Planes Trains & Automobiles

All aboard? (wikispaces.com)

Will Conductor Cuomo Put the M.T.A. On Track?

Transportation wonks have a habit of talking about Jay Walder, the outgoing head of the M.T.A., in messianic terms, as though he were the only man capable of fixing the agency’s myriad problems—an aging system, run by intransigent unions, with almost no political support. While many of them have greeted his resignation with shock and concern, there is a growing sense that this could actually be the best thing to happen to the M.T.A. since Mr. Walder’s arrival two years ago.

“I guess I’m partly responsible for inflating the importance of Jay,” said Gene Russianoff, head of the Straphangers Campaign and dean of transit advocate.

Indeed, there have been others—Richard Ravitch, the team of Kiley-Gunn, even Mr. Walder’s predecessor, Lee Sander—who have done a lot to resurrect mass transit from the death throes of the 1970s. Mr. Walder, though, was different. He had moved from McKinsey to run London’s transit system, introducing successful innovations, including the vaunted oyster card, which speeds up bus and Tube boardings, as well as implementing that dread scourge, congestion pricing. He was supposed to bring the same innovation and ingenuity to New York.

“You have to hope it’s a wake-up call to the people in Albany,” blogger and M.T.A. kremlinologist Benjamin Kabak said. Read More

Surviving In

It looks pretty at night, at least.

Jay Walder in Hong Kong: If He Thought the Upper West Side Was Pricey…

Last year, The Observer reported that relatively new (he was nine months in) M.T.A. chief Jay Walder and his wife had bought on the Upper West Side near five subway lines. The couple paid $1.599 million for a condo with three bedrooms, a lot of natural light, a big master suite with double sinks, and a walk-in closet. It was the sort of apartment a New Yorker could settle into for the long haul.

Now, though, with Mr. Walder decamping for Hong Kong, what of it? We don’t know yet. But we do know that he might find $1.599 million a steal for a nice three-bedroom in his next city. Read More