The Port Authority has approved a multi-billion-dollar plan to replace the Port Authority Bus Terminal between 8th and 9th Avenues and West 40th and 41st Streets, in Midtown West, according to the New York Post. The project will cost between $7 and $10 billion dollars, and funding will come from the sale of air rights, residential units, and commercial spaces. A design competition is expected to be held, and a team will be chosen by September of 2016.
Within the past few months, motorists on the Brooklyn-Queens Expressway and nearby residents witnessed the rise of a tower crane to the east of the Kosciuszko Bridge, followed by two concrete pillars. They are seeing the progress on the east span of the Kosciuszko Bridge Replacement, the city’s first major new bridge since the Verrazano-Narrows opened over half a century ago in 1964.
Kevin Shane and New Jersey-based Jeff Jordan Architects have conceptualized a 200-foot tall, 5,000-foot long pedestrian bridge linking Jersey City to Battery Park City, in Downtown Manhattan. Dubbed Liberty Bridge, the link would provide commuters with an alternative to public transit, according to Jersey Digs. The bridge would include both pedestrian and bike lanes, as well as retail spaces, works of art, park space, and solar panels.
Construction has started on an eight-acre, 140-slip marina between Piers 4 and 5 in Brooklyn Bridge Park, in Brooklyn Heights, according to The Wall Street Journal. Edgewater Resources LLC and SUTL Group are building the marina, and instead of drilling into the seabed, concrete blocks and Seaflex cord are being used to anchor the dock. The boating dock is being dubbed One° 15 Brooklyn Marina, and 145 people have already signed memberships with the developers. Opening is expected next spring.
The Citizens Budget Commission released a report earlier this week that predicted the MTA wouldn’t be able to fully repair all 467 of its subway stations until 2067, with suggestions on how the transit authority could finance repairs faster. The group suggested raising money through public-private partnerships, which can be incredibly effective. But when they’re negotiated poorly, these partnerships can cost cities and states millions.