Triborough Bridge and Tunnel Authority
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| Public benefit corporation | |
| Founded | New York State (1933) |
| Headquarters | 2 Broadway, New York, NY, 10004 |
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Area served
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New York City |
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Key people
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Donald Spero, President |
| Revenue | US$ 437,200,000 (2010) |
| US$ 586.5 million (2013) | |
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Number of employees
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1,545 |
| Parent | Metropolitan Transportation Authority |
| Website | Official website |
The Triborough Bridge and Tunnel Authority, doing business as MTA Bridges and Tunnels, is an affiliate agency of the Metropolitan Transportation Authority, that operates seven intrastate toll bridges and two tunnels in New York City. In terms of traffic volume, it is the largest bridge and tunnel toll agency in the United States serving more than a million people each day and generating more than $1.5 billion in toll revenue annually as of 2012.
The seven bridges are:
The two tunnels are:
Originally named the Triborough Bridge Authority, the authority was created in 1933 as a public-benefit corporation by the New York State Legislature. It was tasked with completing construction of the Triborough Bridge, which had been started by New York City in 1929 but had stalled due to the Great Depression.
Under the chairmanship of Robert Moses, the agency grew in a series of mergers with four other agencies:
With the last merger in 1946, the authority was renamed the Triborough Bridge and Tunnel Authority. Generating millions of dollars in toll revenue annually, the TBTA easily became a powerful city agency as it was capable of funding large capital projects. From the 1940s-60s, the TBTA built the Battery Parking Garage, Jacob Riis Beach Parking Field, Coliseum Office Building and Exposition Center and East Side Airlines Terminal, as well as many parks in the city.
The TBTA was merged into the Metropolitan Transportation Authority in 1968. Surplus revenue, formerly used for new automobile projects, would now be used to support public transportation. Since then, more than $10 billion has been contributed by the TBTA to subsidize mass transit fares and capital improvements for the New York City Transit, Long Island Rail Road, and Metro-North Railroad. The MTA Bridges and Tunnels trading name was adopted in 1994. The name Triborough Bridge and Tunnel Authority is still the legal name of the Authority and was used publicly between 1946 and 1994.
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Wikipedia