Triborough Bridge
Robert Moses had power over the construction of all public housing projects, but the one position above all others giving him political power was his chairmanship of the Triborough Bridge Authority.
The Triborough Bridge (now officially the Robert F. Kennedy Memorial Bridge) opened in 1936 and connects the Bronx, Manhattan, and Queens via three separate spans. The legal structure of this particular public authority made it impervious to influence from mayors and governors, due to the language in the bond contracts and multi-year appointments of the Commissioners. While New York City and New York State were perpetually strapped for money, the bridge's toll revenues amounted to tens of millions of dollars a year. The agency was therefore capable of financing the borrowing of hundreds of millions of dollars, making Moses the only person in New York capable of funding large public construction projects. Toll revenues rose quickly, as traffic on the bridges exceeded all projections. Rather than pay off the bonds, Moses sought other toll projects to build, a cycle that fed on itself.
Read more about this topic: Robert Moses
Famous quotes containing the word bridge:
“Crime seems to change character when it crosses a bridge or a tunnel. In the city, crime is taken as emblematic of class and race. In the suburbs, though, it’s intimate and psychological—resistant to generalization, a mystery of the individual soul.”
—Barbara Ehrenreich (b. 1941)