New York City’s top fiscal official said that subway delays are costing the city economy as much as $389 million annually in lost wages and productivity.
For the first time, Comptroller Scott M. Stringer has sought to quantify the subway headaches that have made commuters late for work, disrupted meetings and caused other hardships in a new analysis released Sunday. In his analysis, Mr. Stringer estimates that the overall economic toll of subway delays during the morning rush-hour ranges from $170 million to, in the worst case, as much as $389 million annually.
“There’s not a New Yorker who does not think we’re in a crisis,” Mr. Stringer said during a news conference strategically located next to a subway station on the Upper West Side. “And now we’re attaching a number to the crisis.”