MTA Chairman Joseph Lhota will resign from his post on Friday to announce plans to run for mayor, a surprise development that comes a day before the agency greenlights fare hikes for next year, sources said.
Lhota will make current MTA board member and former Bronx Boro President Fernando Ferrer the vice chairman of the board tomorrow at the panel’s monthly meeting, enabling Ferrer to become the agency president when Lhota steps down, sources said.
Lhota, a Republican who worked as a deputy mayor under ex-mayor Rudy Giuliani, has been widely praised for his handling of the MTA during super storm Sandy.
The MTA refused to comment on his departure a little over a year after he took the job helming the nation’s largest mass transit system.
His resignation on Friday will enable him to begin campaigning for mayor.
The law currently forbids him from planning a run for public office while heading a state authority.
MTA Chairman Lhota to resign, announce plans to run for mayor
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MTA Chairman Lhota to resign, announce plans to run for mayor
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MTA Chairman Lhota to resign, announce plans to run for mayor
