New York & Tri-State CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
$11B East Side Access Project Reaches Completion
Civil construction has been completed on East Side Access, the Metropolitan Transportation Authority’s $11-billion megaproject connecting the Long Island Rail Road to a new 350,000-square-foot passenger terminal under Grand Central Terminal. Reportedly it’s the largest new train terminal to be built in the U.S. since the 1950s and the first expansion of the LIRR in more than 100 years.
The new connection will double the LIRR’s capacity into Manhattan with up to 24 trains per hour and cut travel time for Queens commuters by 40 minutes per day.
“East Side Access is one of North America’s largest transportation projects—an audacious $11-billion idea changing the entire regional transportation system,” said Gov. Andrew Cuomo. “Thanks to the hard work of so many people, major construction on this transformative project is now complete and we are proud to announce East Side Access will open up next year.”
- ◦Development
- ◦Economy
