MTA proposes “value capture” to New York City
New York MTA Chairman Joe Lhota and New York City Mayor Bill De Blasio—bitter political enemies since at least 2013, when Democrat De Blasio trounced Republican Lhota 73.2% to 24.3% in the mayoral election—have been battling publicly over the City’s share of funding for New York’s subway system, which is in need of major capital investment.