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| Re: M-V combo (558879) | |||
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Re: M-V combo |
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Posted by Russ on Fri Jan 25 09:12:13 2008, in response to Re: M-V combo, posted by SMAZ on Fri Jan 25 02:54:42 2008. However the Water St corridor has a lot of residential real estate planned.No it doesn't. We're comparing 40 million sq. ft. on the undeveloped Far West Side to whatever will happen in the already developed area - where I live. This will of course attract other businesses catering to the new residents Tax receipts should rise significantly there especially if a subway is close. There will be more dry cleaning shops, more delis, etc. Tax receipts, however, will NOT rise significantly. There will not additional revenue generated that will cover the hundreds of millions of dollars to build a redundant connection. In other words, money budgeted for the Water St subway can be partially diverted into a Nassau connection. The remainder plus the added tax reciepts along Water St should then pay (or come close to paying) for the Water St segment below Chatham Sq. Nope. That final segment shouldn't have any problems getting federal and State financing either considering where it runs. It will have HUGE problems qualifying for matching grants if it is a redundant connection. It's also in Sheldon Silver's district. So what? He has never been able to bring home the bacon for large scale projects before, so will he be able to do so now? |
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