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To facilitate the anticipated sale of the bus service back to private ownership, a new agency, the Manhattan and Bronx Surface Transit Operating Authority (MaBSTOA) was formed as a subsidiary of the New York City Transit Authority to operate the former Fifth Avenue Coach Lines, Inc. and Surface Transit, Inc. routes under lease from the city.
[68] [69] The commission was appointed by then-Governor David Paterson and run by former chairman Richard Ravitch [66] [70] However, following Thomas Prendergast's retirement in 2017, they were split back again. [66] [71] [72] The positions were merged back into one position in 2019 when Pat Foye was appointed Chairman & Chief Executive Officer ...
The Manhattan and Bronx Surface Transit Operating Authority (MaBSTOA), a subsidiary of the New York City Transit brand, operates all the local routes in the Bronx aside from the Bx23 and Q50. The latter two routes and all express bus routes in the borough are operated by the MTA Bus Company.
This would later cause problems, as large numbers of transit workers would retire to take advantage of these benefits. On March 1, 1968, the NYCTA, and its subsidiary, the Manhattan and Bronx Surface Transit Operating Authority (MaBSTOA), were placed under the control of, and are now affiliates of the Metropolitan Transportation Authority (MTA ...
The MTA agreed to refund $131.7 million in pension payments to its employees, to a 10.5% wage increase over 3 years and to recognize Martin Luther King day as a paid holiday. The union agreed to move the contract expiration deadline from mid-December to mid-January and a first-time 1.5% employee contribution to health benefits with first-time ...
A retirement ceremony, with a ceremonial farewell celebrations with a last RTS partial trip on the M55 bus route with 1999 RTS-06 bus 5241 was held on Monday May 6, 2019 to officially announce that these RTS buses were officially retired from passenger service [17] with 1999 RTS-06 buses #'s 5241 & 5249 on display in front of MTA's headquarter ...