Just curious what made you come up with at least $30 per LED panel, as these should run you about $10 in bulk.
EDIT: Here is the specific tweet: https://twitter.com/NYCTRAINSIGN/status/926106932573810688
It's a shame because there is a small but sustainable business here.
Why would you think that a company using a $25 Adafruit HAT that could be found for a magnitude less elsewhere would be using cheap LED matrices?
Put another way, what from the article gives you enough confidence to say that they would have used cheaper parts?
There are various "HUB75" panels of different pitch, brightness, LED type, matrix size, etc. Also, there's variations like "HUB75E" with 5 address lines instead of 4. Address lines are typically A/B/C, A/B/C/D, or A/B/C/D/E. And there's also "HUB08", "HUB12" and other standards.