Looks like this is finally getting back on track...
http://www.nytimes.com/2009/05/21/ny...l?ref=nyregion
Delivery Date for Transit Hub Is Set for 2014
By WILLIAM NEUMAN
May 20, 2009
The Metropolitan Transportation Authority said on Wednesday that it would complete construction of the long-delayed Fulton Street Transit Center in 2014, seven years behind the original schedule. The authority plans to spend $424 million in federal stimulus money to plug a hole in the project’s budget and make the rest of the work possible.
When it is finished, the project, which has been described as a Grand Central Terminal for Lower Manhattan, will cost an estimated $1.4 billion, nearly twice the original estimate.
Michael Horodniceanu, president of capital construction for the authority, who took over the project last year, vowed to stick to the new budget and schedule.
“I expect to deliver that with the exact dates that you have,” he said.
Parts of the center will open before the building is done. Most of the improvements to the subway, including easier connections between lines, will be finished by 2012, Mr. Horodniceanu said.
He said the building would look very much like earlier versions of the design, with a four-story, glass-walled structure at Fulton Street and Broadway. Atop the building will be a roughly conical metal tower, with a glass top called an oculus that will channel light into the building and the subway.
“It will be a jewel for Lower Manhattan,” Mr. Horodniceanu said.
The transit center was originally proposed as part of the redevelopment of Lower Manhattan after the terrorist attack on the World Trade Center in September 2001.
An early estimate put the project’s price at $750 million, to be paid for from federal money for the redevelopment of the trade center area.
But since then, costs have soared and the project has been beset by repeated delays.
NEW YORK | Fulton Center
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