![]() ![]() ![]() This decline, coupled with regulated fare structures and rising costs, created financial difficulties that led to the LIRR filing for bankruptcy in 1949. ![]() However, the rise of the automobile resulted in a decline in ridership. Ridership soared following completion of tunnels connecting Queens to the newly built Penn Station. The LIRR was chartered in 1834 and went through several expansions and consolidations before it was purchased by the Pennsylvania Railroad in 1900. The MTA operates two separate, but similar, commuter railroads Here are four things New Yorkers should know about the MTA’s commuter railroads: Created separately as private railroads, the two have been incorporated into the MTA as part of the regional transit network they now account for 28 percent of the MTA budget and are supported by taxpayers and the region's motorists. On an average weekday more than 603,000 riders travel across the New York City region on one of the Metropolitan Transportation Authority’s (MTA) two commuter railroads-the Long Island Rail Road (LIRR) and the Metro-North Railroad (Metro-North). ![]()
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