For those keeping track at home, the Port Authority report that estimated the cost of a new bus terminal in Midtown came in at ten times the original estimate a year ago.
"It could cost more than $10 billion to replace the Port Authority Bus Terminal at its current location with a bigger, better facility, according to a Port Authority study whose preliminary results will be presented to the board of commissioners Thursday," reports Dana Rubinstein.
"That's 10 times the $1 billion price estimate some officials circulated last year," adds Rubinstein.
And if that daunting price tag weren't enough to scare away curious onlookers, how about the other remaining challenges facing the project: "Were the construction and environmental review process to begin tomorrow—which it won't, because there is no funding on the immediate horizon—it would take at least 15 years to complete, according to three Port Authority officials who would only speak on background with Capital."
The report made big news around New York. Steve Strunsky focuses on how the price tag ballooned so much in such a short amount of time. And Stephen Miller also takes a big picture approach to how the plan fits into the Port Authority's capital investment plans.
FULL STORY: Plans for a new bus terminal confront steep cost estimates
Revealed: Plans for Makeover of the World's Busiest Bus Terminal
The Port Authority Bus Terminal, described as the busiest bus terminal in the world, is due for a makeover, due to its "ragged" appearance and importance to the economy of the New York and New Jersey.
Resistance Rising Against Port Authority's Manhattan Bus Terminal Plans
Nicole Gelinas writes a column that deliberately establishes an urban vs. suburban conflict over the issue of a $10 billion proposal to build a new Port Authority bus terminal on Manhattan's West Side.
Chronic Homelessness Persists at New York City Transit Hubs and Airports
Two train stations, two airports, and one bus terminal double as homeless shelters in New York City. When some close for the night, the subways fill in.
Pennsylvania Mall Conversion Bill Passes House
If passed, the bill would promote the adaptive reuse of defunct commercial buildings.
Coming Soon to Ohio: The Largest Agrivoltaic Farm in the US
The ambitious 6,000-acre project will combine an 800-watt solar farm with crop and livestock production.
World's Largest Wildlife Overpass In the Works in Los Angeles County
Caltrans will soon close half of the 101 Freeway in order to continue construction of the Wallis Annenberg Wildlife Crossing near Agoura Hills in Los Angeles County.
California Grid Runs on 100% Renewable Energy for Over 9 Hours
The state’s energy grid was entirely powered by clean energy for some portion of the day on 37 out of the last 45 days.
New Forecasting Tool Aims to Reduce Heat-Related Deaths
Two federal agencies launched a new, easy-to-use, color-coded heat warning system that combines meteorological and medical risk factors.
AI Traffic Management Comes to Dallas-Fort Worth
Several Texas cities are using an AI-powered platform called NoTraffic to help manage traffic signals to increase safety and improve traffic flow.
City of Costa Mesa
Licking County
Barrett Planning Group LLC
HUD's Office of Policy Development and Research
Mpact Transit + Community
HUD's Office of Policy Development and Research
Tufts University, Department of Urban and Environmental Policy & Planning
City of Universal City TX
ULI Northwest Arkansas
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