A state review board rejected the MTA’s nearly $32 billion capital plan, which includes a huge funding gap of nearly half its price tag, an agency spokesman confirmed.
The mammoth plan intended to maintain and upgrade the MTA’s aging infrastructure and add new projects over the next five years was shot down by the Capital Program Review Board late Thursday.
http://nypost.com/2014/10/03/state-board-rejects-mtas-32b-capital-plan/