The Metropolitan Transportation Authority received $424 million in federal stimulus money in August that will enable it complete the Fulton Street Transit Center on budget and on schedule, according to an article by Matt Dunning in today's edition of the TriBeCa Trib.
The article said that the project's manager, Uday Durg, told a Community Board 1 committee yesterday that "we have the funding" for the $1.4 billion project that will connect 12 subway lines to the PATH trains and have more than 25,000 square feet of retail space.
The MTA had originally hoped to complete the construction by last year, the article continued, "but cost overruns and a budgeting crisis within the agency slowed progress to a crawl" and last May the agency revised its schedule and now predicts the project will be completed in June 2014.
"Crews will finish later this year pouring the foundation for the new station's vaunted main concourse, which will encompass a balcony of retail stores and restaurants and topped with an angled, cone-shaped dome to allow natural light to reach even the lowest levels of the complex. The next part of the station to be returned to everyday service, Durg said, would be the northbound platform of the Cortlandt Street R/W station, closed in 2005 due to work on the adjacent World Trade Center site," the article maintained.
The article said that the project's manager, Uday Durg, told a Community Board 1 committee yesterday that "we have the funding" for the $1.4 billion project that will connect 12 subway lines to the PATH trains and have more than 25,000 square feet of retail space.
The MTA had originally hoped to complete the construction by last year, the article continued, "but cost overruns and a budgeting crisis within the agency slowed progress to a crawl" and last May the agency revised its schedule and now predicts the project will be completed in June 2014.
"Crews will finish later this year pouring the foundation for the new station's vaunted main concourse, which will encompass a balcony of retail stores and restaurants and topped with an angled, cone-shaped dome to allow natural light to reach even the lowest levels of the complex. The next part of the station to be returned to everyday service, Durg said, would be the northbound platform of the Cortlandt Street R/W station, closed in 2005 due to work on the adjacent World Trade Center site," the article maintained.
Architecture Critic
Carter Horsley
Since 1997, Carter B. Horsley has been the editorial director of CityRealty. He began his journalistic career at The New York Times in 1961 where he spent 26 years as a reporter specializing in real estate & architectural news. In 1987, he became the architecture critic and real estate editor of The New York Post.
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