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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.
The New York City Transit Authority (NYCTA), a public authority presided by New York City, was created in 1953 to take over subway, bus, and streetcar operations from the city, and placed under control of the state-level Metropolitan Transportation Authority in 1968. Graffiti became a notable symbol of declining service during the 1970s.
When the New York City Transit Authority was created in July 1953, the fare was raised to 15 cents (equivalent to $1.71 in 2023) and a token was issued. [89] In 1970 the fare was raised to 30 cents. [90] This token is 23mm in diameter with a Y cut out, and is known as the "Large Y Cutout".
The NYCTA, a public authority presided over by New York City, was created in 1953 to take over subway, bus, and streetcar operations from the city. In 1968 the state-level MTA took control of the NYCTA, and in 1970 the city entered the New York City fiscal crisis. It closed many elevated subway lines that became too expensive to maintain.
The first section of what became the current 2 entered service on November 26, 1904, from the temporary 180th Street–Bronx Park terminal via the West Farms El to 149th Street–3rd Avenue. On July 10, 1905, the connection between the IRT Lenox Avenue Line and IRT White Plains Road Line (which was previously served by the Third Avenue El ...
The 7 operates with 11-car sets; the number of cars in a single 7 train set is more than in any other New York City Subway service. These trains, however, are not the longest in the system, since a train of 11 "A" Division cars is only 565 feet (172 m) long, while a standard B Division train, which consists of ten 60 foot (18 m) cars or eight ...
By comparison, "mid-case" delays of between 10 and 20 minutes could cost $243.1 million per year, and "best-case" delays of between 5 and 10 minutes could cost $170.2 million per year. As a result of the maintenance crisis, weekday subway ridership began declining for the first time in several years in 2017.
The New York City Subway is a large rapid transit system and has a large fleet of electric multiple unit rolling stock. As of November 2016, the New York City Subway has 6418 cars on the roster. The system maintains two separate fleets of passenger cars: one for the A Division (numbered) routes, the other for the B Division (lettered) routes.