The MTA will delay but not cancel big capital construction projects in an effort to address nearly $1 billion in cost overruns, Marlene Naanes writes in amNew York. While disappointing, this development comes as no surprise after the news this week has focused on runaway inflation and over-budget MTA projects.
Despite these delays, however, MTA officials and transit advocates have stressed that the city will still enjoy the benefits; we just might have to wait a little while longer. And when it comes to the Second Ave. Subway, what’s one more year added to the 70 we’ve already been waiting? The MTA will decide in February just how they will delay or modify their capital construction plans to meet budget expectations. [amNew York]
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[…] which is to say very badly. But over the last month, we’ve heard rumblings that the MTA may pare down and delay some projects while others are facing a host of financial […]