MTA greenlights $250M for consultants to expand Second Avenue subway — which they claim will cost $4.3B per mile to build
MTA spending is like a runaway train. The Metropolitan Transportation Board tickled nearly $250 million on Wednesday for consultants on the already expensive and long-term second-venue extension of the already huge and expensive second-venue subway extension. Phase 2 of the Megaplan is expected to inhale $7.7 billion, or about $4.3 billion per mile, if you […]
Bernie Madoff victims get final $131M payout from compensation fund, bringing total to a whopping $4.3B: feds
Victims of notorious pyramid schemer Bernie Madoff have received their final payments, with total payments from the compensation fund exceeding $4.3 billion, the Federal Reserve announced Monday. The Madoff Victims Fund has begun distributing its 10th and final payment of $131.4 million to more than 23,000 victims around the world, according to the Manhattan U.S. […]