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| Re: M-V combo (558594) | |||
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Re: M-V combo |
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Posted by Russ on Thu Jan 24 16:29:24 2008, in response to Re: M-V combo, posted by SMAZ on Thu Jan 24 02:00:22 2008. With the added value in tax receipts that the City would get from these connections.I seriously doubt that this would come remotely close to covering it. If this was a reliable method of financing subway expansion, we would have seen more of it. The only example of this kind of finance mechanism for NYC subway expansion that I can think of is the 7 to Javits. That is being built into an area that was rezoned to accommodate an additional 40 million square feet of commercial and residential real estate. Lower Manhattan is an area far less room for real estate growth, and the real estate is already at the high end of the market. |
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