SAS To Receive $79M In Stimulus Money
February was the last time I blogged about stimulus money for the MTA. In that entry, I talked about the MTA’s desire to use some of the money for the Fulton Transit Center. However a more important project will be receiving federal stimulus money & that is none other than the Second Avenue Subway. The project is slated to receive $79M in stimulus money. Jason Fink of AMNY has more in this brief report:
The long-delayed Second Avenue subway will receive $79 million from the economic stimulus bill passed this year, Rep. Jerrold Nadler (D-Manhattan), announced today.
The money will be used for the first phase of the project, which includes stations at 96th, 86th and 72nd streets on Second Avenue. This section is expected to be complete by 2016.
Click here for the complete report.
This news while good is sure to get lost in the current cycle of the MTA bailout being passed & MTA CEO/Execuite Director Elliot Sander resigning. This is project has faced so many delays & really needs to be completed to its full potential. While this money won’t come close to being enough for such a result, every bit helps.
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Comments
Hello Richard,
With a project that has seen so many delays, any sort of guaranteed money going towards it is a good sign. While the amount is not much in relation to the overall cost, it is better than nothing.
I agree. Any money is better than no money. And I still have faith that THIS time, the Second Avenue Subway will be built and opened for revenue service.
The Second Avenue Subway is projected to cost over 16 billion dollars. If it ever is completed it surely will cost much more then that. So what’s 79 millio? Less then a fraction of 1% of the total. It’s like a single grain of sand in the Sahara. As close to meaningless as you can get.