Richard Ravitch, a longtime civic leader known for his role in steering New York City through the fiscal crisis of the 1970s, has died. He was 89.
FILE - Major League Baseball management negotiator Richard Ravitch talks to reporters during a news conference in New York on June 14, 1994. Ravitch, a former lieutenant governor and longtime civic leader known for his role in steering New York City through the fiscal crisis of the 1970s and stabilizing its mass transit system in the 1980s, died Sunday, June 25, 2023, at a Manhattan hospital his wife, Kathleen Doyle confirme. He was 89.
In 1979, Carey, a Democrat, appointed Ravitch to lead the Metropolitan Transportation Authority, which operates the largest transit system in the country. To rescue the rapidly disintegrating system, he took on debt to fund repairs and threatened fare hikes in order to secure state funding — a move that surprised and angered Carey.
Ravitch left the MTA in 1983 after clashing with Gov. Mario Cuomo, but remained an influential figure in New York, leading the city’s Charter Revision Commission, helping to rescue the Bowery Savings Bank and running a failed “outsider” campaign against then-Mayor Ed Koch.
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