MTA to Sell $230 Million of Debt Amid Tolling Plan Legal Fight
E-ZPass readers and license plate-scanning cameras over Second Avenue in New York.
Photographer: Michael Nagle/BloombergNew York City’s transit network is seeking to raise $230 million in short-term debt to finance needed infrastructure for its congestion toll plan implemented earlier this year.
Congestion pricing charges motorists to drive on Manhattan’s busiest streets and has been a target of the Trump administration. The Triborough Bridge and Tunnel Authority plans to sell the bond anticipation notes on Tuesday in a competitive deal, according to borrowing documents.