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He said contributions to the fund would be "paid voluntarily by property owners" and "used solely to fund transit and pedestrian public-realm improvements within the rezoning area as part of a smart, integrated land-use plan.
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"The challenge is going to be, can you have an adequately funded transit system to be there for that economic growth".
Away from the klieg lights of DC and the hoopla of the Sunday shows, state, county and city governments keep plugging away, building schools, funding transit, negotiating contracts, setting environmental policies and more.
During this year's floor debate on an MTA bailout, a State Senator from Harlem said he received more calls and letters on funding transit than he ever had on any other issue.
Her devolution plan, cut from the same cloth as those old, tired ideas put forth by extremist groups like Heritage Action and Club for Growth, would virtually kill the federal gas tax, all but eliminate the Highway Trust Fund (the key to funding transit and highway investments) and leave the states to fend for themselves.
Taking a stand to ease traffic congestion, improve environmental quality, and fund mass transit through passage of a traffic congestion pricing plan in the City Council.
Today 15.44 of every 18.4 cents in fuel-tax per gallon funds highways, while 2.86 funds mass transit and 0.1 cents funds clean-up of leaking underground storage tanks.
The city's mayor, Michael Bloomberg, had hoped to put the program in place to reduce traffic throughout the city and fund mass transit improvements.Washington Mutual, yet another troubled bank saddled with enormous subprime loan losses, has raised $7 billion in new capital to help shore up its finances.
To achieve such density, twice as much as zoning currently allows, a developer would have to convince the City Planning Commission of the tower's superior design quality and pay tens of millions of dollars into a city fund for transit and pedestrian improvements in the area.
Existing research rarely systematically reviews how China has funded or will fund expanding transit systems.
"Decisions to fund major transit projects are part of a multiyear, multistep process.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com