The formerly free-market Manhattan Institute, which has lately become a shill for transit and other big-government subsidies, has taken a stand against spending $10 billion on a bus terminal in New York City. The only problem is that, instead of the bus terminal, the Manhattan Institute proposes to spend multiple tens of billions of dollars on new underground rail transit lines connecting Manhattan with New Jersey.
The Port Authority Midtown Bus Terminal. Photo by Hudconja.
The 1937 opening of the Lincoln Tunnel led to hundreds of buses roaming the streets of Manhattan after bringing commuters and other travelers from New Jersey. To reduce congestion, the Port Authority of New York and New Jersey built a midtown bus terminal near the Manhattan entrance of the tunnel in 1950. That terminal cost $24 million, less than $210 million in today’s dollars. Continue reading
