Andrew Cuomo has resorted to auctioning off stations to fix the New York City subway
New York Gov. Andrew Cuomo (D) on Thursday floated a new idea for fixing New York City's beleaguered subway system: corporate sponsorship. Speaking at a breakfast for the Association for a Better New York, Cuomo announced a new "adopt-a-subway" program to allow private business to flood individual subway stations with cash, which would then be used to make improvements at those stations.
Joe Lhota, the chairman of the Metropolitan Transportation Authority, which runs the city's subway system, clarified that it's "very possible" Cuomo's adopt-a-station plan would grant naming rights to the businesses. Businesses could sponsor general subway improvements starting with contributions in the "hundreds of thousands of dollars," Gothamist reports. To sponsor improvements on the individual station level, businesses would need to contribute up to $600,000, depending on the size and location of the station.
Per Gothamist, Andrew Albert, a non-voting member of the MTA board, said relying on private companies to infuse money for improvements would "run the risk of having improvements only made in specific areas. ... I could name far-flung stations throughout the system that would be a hard sell." Lhota apparently told reporters that details of the adopt-a-station plan were still being finalized.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
In the meantime, anyone interested in pooling some funds to sponsor 42nd Street-Bryant Park-Tweet Angrily at Gov. Cuomo Station should contact me immediately.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Kimberly Alters is the news editor at TheWeek.com. She is a graduate of the Medill School of Journalism at Northwestern University.
-
TikTok secures deal to remain in USSpeed Read ByteDance will form a US version of the popular video-sharing platform
-
Unemployment rate ticks up amid fall job lossesSpeed Read Data released by the Commerce Department indicates ‘one of the weakest American labor markets in years’
-
US mints final penny after 232-year runSpeed Read Production of the one-cent coin has ended
-
Warner Bros. explores sale amid Paramount bidsSpeed Read The media giant, home to HBO and DC Studios, has received interest from multiple buying parties
-
Gold tops $4K per ounce, signaling financial uneaseSpeed Read Investors are worried about President Donald Trump’s trade war
-
Electronic Arts to go private in record $55B dealspeed read The video game giant is behind ‘The Sims’ and ‘Madden NFL’
-
New York court tosses Trump's $500M fraud fineSpeed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
-
Trump said to seek government stake in IntelSpeed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting


