Value capture, collecting tax increment from subway adjacent properties to help provide money needed to repair the 114-year old subway system, is proposed by New York Gov. Andrew Cuomo and opposed by the New York City Mayor Bill de Blasio.
Depending on what's included, the cost to rebuild the ailing 665-mile system could be $111 billion, but the city's future depends on it. A feature-length New York Times Magazine piece looks at its history and suggests ways to finance rebuilding.
The 4.6-mile subway operates like some AirTrains in the U.S. that automatically whisk travelers between airport terminals without drivers and with platform screen doors at stations for enhanced safety. Where is the new line located?