It comes from, says Kalikow, the city’s booming economy — and particularly its real-estate market. “The agency gets revenues from real estate transactions,” the News says, adding later that “it will get some assistance from the megasale of Peter Cooper Village and Stuyvesant Town.” All of which is well and good, if it keeps our subway fares down. But also: Huh? Is there a MTA tax on real-estate transfers? Is Tishman Speyer throwing a few MetroCards at Stuy Town residents to keep them happy? We don’t quite get this bit and would appreciate anyone who could explain.
On the other hand, it’s not like it so much matters. The MTA is predicting “huge deficits” for 2008.