Town Hall Meeting on Future of Roosevelt Island Tram

The Main Street Wire (PDF File) has the goods on the Town Hall Meeting regarding the future of the Roosevelt Island Tram. According to the Wire:

The good news is that RIOC has all the money it needs to take any of four possible paths for the future of the system. There’s a State budget allocation; there is money already set aside for track rope replacement; and there is expected or available general income in RIOC’s cash stream.

The bad news is that the most likely solutions will involve at least six months of downtime, possibly seven, unless RIOC engages in some hyperspending to gain a little time by imposing a high-intensity work schedule.

One other tidbit of good news: None of this is likely to result in Tramway outages for at least a year.

More later.
Image is from Wired New York.