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.
Read the full story: Plans for a new bus terminal confront steep cost estimates
Desperate measures: Advocates weigh draining Lake Powell to fill Colorado River
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Eastern Nebraska is running out of electricity
Data centers and electrification are straining eastern Nebraska’s grid, throttling economic development.
Move over, LA: St. Louis gears up for Olympics, invests millions in downtown redevelopment
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Bill to overhaul energy permitting clears Senate
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MTA sends Dem leaders a wish list to mend Trump’s damages
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Mass. votes against statewide minimum lot size for single-family homes
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FREE Course: Walkable City 1: Why Walkability?
After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.
Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
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City of Rosemead
Rutgers University, Edward J. Bloustein School of Planning and Public Policy
One Hundred Miles
University of Michigan School for Environment and Sustainability (SEAS)
Hunter College, City University of New York (CUNY)
The Architects Foundation
City of Cambridge
The Pocatello Development Authority
The Urban Renewal Agency of the City of Pocatello