01/14/2021 02:37 PM EST and has barely budged from new lows for months.
“Looking into the out years even before the pandemic, the MTA was not on firm financial footing,” said Kate Slevin, a senior vice president at the Regional Plan Association. “And looking into the out years now, there is going to be some difficulty ahead.”Buses, which are largely used by essential workers who must commute, initially lost 75 percent of their usual ridership at the peak of the pandemic. But bus ridership rebounded the fastest, with half returning in June.
Commuter rails saw a similar precipitous drop as subways and have only recorded around 25 percent of riders returning to the system. A worst-case ridership scenario prepared by McKinsey & Company projects the MTA will see a $3.2 billion deficit in 2022, though it’s not entirely clear how it got to that figure.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.