Albany Chaos Open Thread

With Governor Paterson’s political career flaming out in spectacular fashion, speculation is rampant that he might step down any day, thrusting Richard Ravitch into New York state’s executive office.

Ravitch would inherit a budget crisis of epic proportions and a state capital that was already in utter disarray. The potential succession would also elevate a former MTA chair with no future political ambitions, at a time when transit funding is in dire straits and no one in Albany seems inclined to face up to the problem.

Consider this an open thread for predictions on how the next few weeks and months will play out in Albany. I’m dying to see who’s going to be Ravitch’s lieutenant governor.

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Former MTA chief Richard Ravitch stood with Governor David Paterson and Mayor Michael Bloomberg this morning to discuss details of his commission’s plan to keep the cash-starved MTA afloat both in the short-term and in years to come. Streetsblog’s Ben Fried attended the news conference and will have more later. For now, here are a […]

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New York’s infrastructure is dangerously underfunded and threatening to cripple the region’s economy, warned former lieutenant governor and MTA chairman Richard Ravitch in a speech on Thursday. Having taken the helm of the transit authority in 1979, at the system’s absolute nadir, Ravitch knows a thing or two about what it takes to bring the […]

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The next mayor will have to take the lead on transportation funding challenges that, while difficult to address in campaign speeches, are critical to the city’s future, former lieutenant governor and MTA chairman Richard Ravitch said today at a Fordham University infrastructure forum. Ravitch said that while raising fares to cover the MTA’s operating expenses is […]

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Earlier this week Governor David Paterson announced appointees to the Ravitch Commission. The 13-member body, headed by former MTA Chair Richard Ravitch, is charged with researching and recommending revenue streams for the MTA in the wake of congestion pricing’s initial defeat at the hands of Assembly Democrats. At least four commission members can probably — […]