JOURNAL ARTICLE

MTA to Sell $230 Million of Debt Amid Tolling Plan Legal Fight.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Kaske, Michelle 3 of 3

Abstract

New York City's transit network is seeking to raise $230 million in short-term debt to support its congestion toll plan, which charges motorists for driving in busy areas of Manhattan. The Triborough Bridge and Tunnel Authority plans to sell bond anticipation notes to refund prior short-term debt used for tolling infrastructure. Although the Metropolitan Transportation Authority (MTA) has collected $449 million in congestion pricing revenue since the fee's implementation in January, this revenue will not legally secure the new notes. The MTA is currently involved in litigation regarding the tolling plan, which complicates its ability to secure debt based solely on toll revenue. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/10, pN.PAG
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2025
  • Accession Number:188780586
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