The Power Broker: Robert Moses and the Fall of New York - Part 7, Chapter 48 Old Lion, Young Mayor Summary & Analysis

Robert Caro
This Study Guide consists of approximately 79 pages of chapter summaries, quotes, character analysis, themes, and more - everything you need to sharpen your knowledge of The Power Broker.
Study Guide

The Power Broker: Robert Moses and the Fall of New York - Part 7, Chapter 48 Old Lion, Young Mayor Summary & Analysis

Robert Caro
This Study Guide consists of approximately 79 pages of chapter summaries, quotes, character analysis, themes, and more - everything you need to sharpen your knowledge of The Power Broker.
This section contains 308 words
(approx. 1 page at 400 words per page)
Buy The Power Broker: Robert Moses and the Fall of New York Study Guide

Part 7, Chapter 48 Old Lion, Young Mayor Summary

During the Lindsay administration the Transit Authority is faced with a big deficit, which Lindsay wants to offset by using the Triborough surplus. In January 1966, Lindsay announces that they are going to merge Triborough with the Transit Authority. Lindsay will appoint the head of the new authority. Lindsay sends an aide, Arthur E. Palmer to try to talk Moses into resigning so they don't have to force him out. Moses refuses and someone in the Lindsay administration reads the bond covenants and the Triborough statute. The legislation submitted to the legislature makes no mention of the surplus funds, but Lindsay still moves to merge the two authorities.

Lindsay learns about the Power Brokers and that he can't oust Moses. Chase Manhattan, as trustee of over $379,300,000 of Triborough bonds, announces it will sue to...

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This section contains 308 words
(approx. 1 page at 400 words per page)
Buy The Power Broker: Robert Moses and the Fall of New York Study Guide
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