Lower Manhattan's $11 Billion Plan Unveiled

13 December 2002 - 6:00am

New York Mayor loomberg outlined his plan for transforming the World Trade Center site at an estimated cost of $11 billion.

"Bloomberg, delivering a 30-minute breakfast speech to the Association for a Better New York, likened his vision to that of Central Park planners in the 1850s, and what he proposed was perhaps as dramatic -- setting up a major new transportation infrastructure, expanding the city's waterfront development, creating new parks and tree-lined boulevards and building thousands of apartments... A key component of the mayor's plan, and the most expensive one, is his proposal for a rail link between Manhattan and two of the area's major airports, John. F. Kennedy International and Newark Liberty International."

Source: CNN, December 12, 2002
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It's all too easy for projects to claim that they will be successful places, and all too hard to tell ahead of time which ones actually will.