MTA. NYU. And now MSG.
Joe Lhota, chairman of the MTA, has added one other title to his resume: board member on the Madison Sq. Backyard Firm.
The transit boss, who does double obligation as an government with NYU Langone Well being, has been serving on the MSG board since December, based on Securities and Change Fee filings. Politico first reported Lhota’s newest gig.
By sitting on the MSG board, Lhota can rating a minimum of $one hundred sixty,000 in compensation, plus $2,000 for every assembly attended in individual, in line with an SEC submitting detailing board administrators’ compensation at MSG.
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The MSG board meets 4 occasions a yr, in contrast with the MTA board’s eleven annual conferences. Lhota, who joined the MTA in June, takes residence a nominal $1 annual paycheck on the transportation authority.
The place additionally raises battle of curiosity questions.
The world sits atop Penn Station, which is the place the Lengthy Island Rail Street operates.
Penn Station, in the meantime, is a outstanding piece of Gov. Cuomo’s infrastructure program.
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Already, the state is reworking the James A. Foley Publish Workplace throughout from Penn Station right into a retail space and passenger ready corridor for Amtrak and LIRR riders. The brand new area might be named the Moynihan Practice Corridor, after New York’s late U.S. Sen. Daniel Patrick Moynihan.
Infrastructure teams together with the Municipal Arts Society have even referred to as for booting MSG from its perch over Penn Station so the cramped, complicated transit hub could be redeveloped.
“If there’s something that includes MSG and Penn Station, Lhota will appropriately recuse himself from any matter the place there could possibly be even the looks of a battle,” MTA spokesman Jon Weinstein stated.
MSG spokeswoman Kimberly Kerns referred to as Lhota a “valued unbiased member of our board, who acts with the very best integrity.”
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In the meantime, on the MTA, Lhota is tasked with implementing an enormous $800 million Subway Motion Plan to cease transit meltdowns, whereas making the overstressed,…