Who is head of the New York City Transit Authority?
New York City Transit Authority
One provision in the 1953 law that created NYCTA demanded that by July 1955, the agency create a plan to sell its bus and trolley routes to private operators. In the beginning of 1955, it was reported that the NYCTA's surface operations cost seven million dollars more to operate annually than it collected in revenue from the fare box. By privatizing the surface operations, and as a result focusing on subways, the NYCTA could then meet its operating costs. Two Manhattan private operators, New York City Omnibus and Surface Transportation, in March 1955, expressed interest in taking control of the five-route NYCTA bus operation in that borough. In the other boroughs there was no interest in taking over the routes in Brooklyn and Staten Island, and there was little interest in Queens. In April 1955, laws were passed by the New York State legislature to change the NYCTA into a three-member salaried panel to become in effect on July 1, 1955. This allowed its members to devote their full-time to managing New York's transit system. As part of this law, the provision that required surface operations to be sold was removed. The Chairman of the NYCTA then became Charles Patterson.[8]