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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. [ 90] In 1970 the fare was raised to 30 cents. [ 91] This token is 23mm in diameter with a Y cut out, and is known as the "Large Y Cutout".
Ticket resale is a form of arbitrage that arises when the number demanded at the sale price exceeds the number supplied (that is, when event organizers charge less than the equilibrium prices for the tickets). During the 19th century, the term scalper was applied to railroad ticket brokers who sold tickets for lower rates.
In New York City, a planned congestion pricing scheme would charge vehicles traveling into or within the central business district of Manhattan. This disincentivizing fee, intended to cut down on traffic congestion and pollution, was first proposed in 2007 and included in the 2019 New York state government budget by the New York State ...
World Trade Center. World Trade Center station is a terminal station on the PATH system, within the World Trade Center complex in the Financial District of Manhattan, New York City. It is served by the Newark–World Trade Center line at all times, as well as by the Hoboken–World Trade Center line on weekdays, and is the eastern terminus of both.
The success of the pilot program has led the MTA to extend the program up to the summer of 2020 and renewed calls for the program to be implemented within New York City, where the fare for the Freedom Ticket—if approved—would cost US$2.75 and include free transfers between the LIRR & Metro-North, bus, and subway.
On January 7, 1920, at the first session of the New York State Assembly, Assembly Speaker Thaddeus C. Sweet attacked the Assembly's five Socialist members, declaring they had been "elected on a platform that is absolutely inimical to the best interests of the state of New York and the United States." The Socialist Party, Sweet said, was "not ...
In 2003, the LIRR and Metro-North started a pilot program in which passengers traveling within New York City were allowed to buy one-way tickets for $2.50. [63] The special reduced-fare CityTicket, proposed by the New York City Transit Riders Council, [63] was formally introduced in 2004. [64]
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