Posted on 01/09/2026 5:07:53 AM PST by dynachrome
The MTA has hit the $1.5 billion jackpot, thanks to the state collecting massive fees dedicated to mass transit from each from three bidders awarded casino licenses.
Each of the three winning bidders are required to pony up a $500 million upfront license fee for the privilege to operate a casino.Under state law, the money is redirected to the Metropolitan Transportation Authority to fund the operations of its subway and buses and commuter rail lines.
Mets owner Steve Cohen, in tandem with gaming partner Hard Rock, have delivered the $500 million fee to operate a “Metropolitan Park” casino complex near the team’s ballpark in Willets Point, Queens.
(Excerpt) Read more at nypost.com ...
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The opportunities for grift will be amazing.
Has the MTA wasted all the money yet?
The article doesn’t say.
It will buy one electric bus from a company operated by dem cronies.
Free bus and Cho Cho twains. When do we get the gubbermint run Pigglie Wigglie?
Government as bookie and drug dealer.
What could go wrong.
Makes sense. Riding in the New York City subway is already gambling with your life.
Pigglie Wigglie?
The muzzies would burn it to the ground.
They will piss it all away and create even bigger deficits in future years.
Just what NY voted for — transit waste financed by gambling revenue.
“… transit waste financed by gambling revenue.”
A fine example of DemoCom circular logic, as is usual for most of their schemes.
The money, as extreme as it seems, is a onetime deal, helping the MTA in 2026 but does nothing to change the long term imbalance between ANNUAL revenues & subsidies against annual ongoing costs. It’s a short term “gift” the MTA will rapidly use up, and meanwhile the state and the MTA will not be able to close the ongoing continuing funding vs spending gaps.
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