Breaking News: 10-Point Plan to Restructure the MTA Announced

"New York City Mayor Bill de Blasio agreed to support Governor Andrew Cuomo’s push for congestion pricing in midtown Manhattan as part of a sweeping overhaul of the cash-strapped Metropolitan Transportation Authority, which manages the subway and bus system," reports Henry Goldman.

"Under the plan, to be instituted by 2020, electronic-tolling devices would be installed around Manhattan’s central business core south of 61st Street. It would take into account motorists who already paid bridge and tunnel tolls, and exclude the FDR Drive running north and south along the east side. Tolls would be variable, providing discounts for off-peak travel, and will also exempt emergency vehicles and transportation of disabled passengers," according to Goldman.

The agreement marks the potentially game changing conclusion of a long-standing feud between Governor Cuomo and Mayor de Blasio, centering in large part on the struggling MTA.

A statement released by Governor Cuomo to announce the agreement calls the deal a 10-point plan to "transform and fund" the MTA.

Amy Plitt provides additional new coverage to put the day's announcement in context of previous plans to fix the MTA and the political realities of congestion pricing.