Dec
20
Fulton hub beset with cost overruns
ByThe MTA is running into more problems with the proposed Fulton Street hub. The station — a massive underground catacomb designed to connect the 2, 3, 4, 5, A, C, E, R, W, J and Z trains — was meant to be an anchor in the Lower Manhattan revival. But the project is running into cost overruns. Yesterday, MTA Board Member Nancy Shevell said it would require some “soul-searching” to keep the project at or near its $888 million cap. Considering that the project is already $41 million over cap and construction is very far along, I’m not quite sure how the MTA is going to pull this one off. [Metro]
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