New York companies will get naming rights to subway station if they contribute at least $600,00 for upkeep Gov. Cuomo announced Thursday.
“We want the private sector as full partners,” Cuomo said at an Association for a Better New York breakfast in Midtown.
Blackstone and Estée Lauder are among the subway donors that Cuomo mentioned in his presentation.
MTA chairman Joe Lhota said the details are still being worked out.
He said the corporate money would be used to spruce up stations and likened it to an adopt-a-highway program.
Asked if whole stations would be named after a firm, Lhota said, “That’s very possible.”
On a related front, Cuomo said he would use the state’s regulatory powers to hold Con Ed more accountable for subway outages.
The state licenses Con Ed and other utilities through the Public Service Commission.
“The most important partner is the power supplier,” Cuomo said.
He said power failures were responsible for 32,000 delays this year.
Con Ed, among other things, will be required to provide emergency backup power within 30 minutes of a transit outage.