Just days after breaking the news to New Yorkers that the fare hike proposal was official, Joe Lhota announced his resignation from his post as the MTA chairman in order to run for mayor in 2013, according to reports.
Lhota is counting on New Yorkers to forget about the fare hike, and instead remember him for his job overseeing the recovery from Hurricane Sandy. Despite unprecedented damage from the salt water that poured into the system, damaging switches and other equipment, Lhota was able to get the majority of the lines up and running in a short time.
During the Giuliani administration, Lhota served as budget director and deputy mayor of operations. He has also served a few years on the MTA Board and advised Giuliani’s presidential campaign. Before beginning the job at the MTA in January 2012, he was an executive with the Madison Square Garden Company.
Lhota will officially step down Friday, and has already informed the Governor’s Office. On Wednesday, Lhota and the MTA will attempt to boost subway and bus fares to $2.50, weekly MetroCards to $30 and monthly unlimited passes to $112.
The MTA has not yet issued a statement on Lhota’s resignation.