Planes Trains & Automobiles
Descending into Penn Station, it’s not hard to see why New York City’s civic fathers are so embarrassed by the nation’s busiest train station. The station sits bracketed by the Garment District and Chelsea, in the cheapest corner of Midtown, more than half a mile from the gleaming skyscrapers with triple-digit annual per-square-foot rents. The Read More
Much was made in the 1990s about the “Midtown Direct” effect in New Jersey—the apparent causation of major increases in home values and housing demand in certain New Jersey suburbs, Maplewood included, by the creation of new commuter train lines with one-seat rides to midtown Manhattan. Faster, more convenient commutes equates to more Read More
We’re a few weeks late to the game on this, but last month New Jersey Transit launched a new Web site and accompanying promotional video to hype its proposed multibillion-dollar set of rail tunnels under the Hudson River, known as the Access to the Region’s Core project.
With ominous music playing Read More
We’ve received a bit of feedback about a story this week on the Access to the Region’s Core project, a $7.6 billion (at least) pair of New Jersey Transit rail tunnels slated for under the Hudson River—mostly criticisms of the project as currently planned.
The route of the tunnels has drawn criticism Read More
"Okay, so how many billions a week are we spending in Iraq? Last I heard it was about $5 billion per week. And we’re having trouble coming up with $7 billion? Really?" ["Billions Down the Tunnel!"] Read More
A new Regional Plan Association report (PDF) calls for the proposed rail link beneath the Hudson River from the Meadowlands Arena to near Penn Station to be extended to Manhattan’s East Side, possibly near Grand Central Station. The extension would save the estimated 60,000 commuters who travel through Penn Station to the East Read More
The only agency around here that doesn’t seem to have trouble coming up with money to do things is the Port Authority of New York and New Jersey, rich off road tolls, airport fees and the like. So last year it anted up $2 billion toward the Trans-Hudson Express Tunnel, which fans like to refer Read More
As the state, city and private developers dance and parry, NJ Transit has put forward a small, temporary solution toward easing crowding at Penn Station: a $13.8 million entrance at the corner of 31st Street and Seventh Avenue, Crain’s reports.
- Matthew Schuerman Read More
During a recent and rainy rush hour at Penn Station, dripping umbrellas and dirt tracked in from squeaky sneakers and soggy loafers added to the standard feeling of despair among New Jersey Transit and Long Island Rail Road commuters trying to get home. The air was thick and humid with anxiety, and it smelled like Read More
Toward the end of an industry luncheon one recent Wednesday, after the roast chicken but before the fruit torte, prominent real-estate lawyer Jonathan Mechanic announced that the Related Companies and Vornado Realty Trust had landed the contract to develop the Farley Post Office at Eighth Avenue and 33rd Street into the next Grand Central Terminal. Read More