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by Spooky23 3131 days ago
That ship sailed many years ago.

Public authorities are quasi-government entities controlled by the the bond covenants. You have to line-up the interests of the bond holders with whomever controls the authority and is desiring change.

With something as broad in scope and rich as MTA is such a deep well of political capital, it's incredibly unlikely that anyone would give up any control. It's such a large enterprise there probably isn't one roomful of people who actually understand how the organization works. The current situation was created when the whole NYC transit system was completely insolvent back in the bad old days!

Read "The Power Broker" by Robert Caro. It will open your eyes to why things are the way they are.