By Clayton Guse, New York Daily News; April 2, 2020
The MTA on Thursday announced plans to redevelop its old Midtown headquarters, a move that transit officials said will dump at least $1 billion into the agency’s rapidly depleting coffers.
Boston Properties, a real estate company, will lease the 103-year-old complex from the Metropolitan Transportation Authority. The company will transform the complex, located from 341 to 347 Madison Ave., into a new space that reaps the agency a “maximum return,” officials said.