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Re: [PHOTO] West 40th St & ?

Posted by Allan on Wed Dec 6 12:27:02 2017, in response to Re: [PHOTO] West 40th St & ?, posted by Bill Newkirk on Wed Dec 6 07:39:30 2017.


The City and the TA worked out arrangements with builders who really did not want a subway entrance right in front of their building.

The arrangement allowed the building owner to place the entrance inside/as part of their building. They (the building owner) would maintain the entrance. Should the building owner decide that they no longer want to have an entrance to the subway inside their property, they would have to pay to have an entrance built on the sidewalk.

Although the building in the photo is relatively new, I believe that the street entrance was removed many years before with the building that was there previously.

I know this to be the case as I worked for Chase Bank for 34 years
in their Corporate Real Estate group (performing many functions) and had access to the agreements covering the subway entrances at 1 Chase Manhattan Plaza (now 28 Liberty Plaza) both the one on William St to the 2/3 Wall St station and the passageway under Nassau St to the 4/5 and J/Z.


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