Cost of Lower Manhattan Transit Reconstruction Could Reach $7 Billion
Saturday's New York Times contained a story that says a consortium of New York City, New York State and New Jersey government entities estimate the cost of rebuilding the mass transit systems in Lower Manhattan at $7 billion. The article said that this estimate does not merely rebuild facilities that existed prior to September 11, it improves and rationalizes the confusingly twisted arrangement of subway lines that pass through the area between Canal Street and the Battery. The article says:
...At the top of the new project list is $2 billion to build what officials call a downtown Grand Central near Church Street, adjacent to the former World Trade Center site. The station would connect PATH trains with three subway lines and would include a $500 million underground concourse, stretching from near the ferry docks on the Hudson River beneath the World Financial Center and through the PATH terminal.
The passageway, which would include moving walkways, would also extend east to a new Fulton Street transit center, a newly designed, $750 million hub. The transit center would straighten out the dispiriting array of pedestrian tunnels that now connect the major subway lines in the area of Broadway, Nassau and Fulton streets; together with the PATH terminal, commuters would have a single complex linking the A, C, E, J, M, Z, N, R, 1, 2, 3, 4, 5 and 9 lines....