It's under the windshield wiper:
"MBTA considers selling future parking revenue; Strategy could raise as much as $325m" by Eric Moskowitz, Globe Staff / January 5, 2011
Trying to avoid a fare increase and service cuts despite a crushing debt burden, MBTA officials are considering a plan to sell long-term parking revenue to investors in exchange for a lump sum of as much as $325 million.
The proposed arrangement would help the T close a projected deficit of more than $100 million for fiscal year 2012, which begins July 1, and pay off some debt ahead of schedule to reduce expenses in the coming years....
Debt payments are a huge issue for the T, which soon will owe more in debt each year than it collects in fares from riders.
See: Massachusetts Sales Tax Swindle
See who is first in line at the tax loot window?
The agency is scheduled to pay about $450 million in principal and interest next year, and the debt payments rise in each of the five years after that....
And that is why services are still slashed, dear Massachusetts taxpayers.
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Also see: Massachusetts Residents Taken For a Ride on the T
They either never learn or are beholden to banks.
Banks Ride Green Line to Loot
Boston adds 25 cents to hourly parking meter fee
Lost snake on a train causes Red Line delay
Better off not going to the city at all.
Let's hope they don't need anything fixed:
"A retired 68-year-old bus MBTA mechanic was fatally shot by police early yesterday during a drug sweep at his Framingham home.
Authorities have released few details about the shooting, though they identified the victim as Eurie Stamps and said he was not a suspect in the raid....
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And I wouldn't expect to see anything more on it, readers.
Related: Drug War Making a Killing in Boston
