Related
Jun 06,2023
Marron Research Presented
to the National Bureau of Economic Research
Bloomberg Citylab
Press
/ Mar 08,2023
Second Ave. subway construction costs
are far too high and only getting higher
Recent reports from the Transit Costs Project, led by Director of Transportation and Land Use, Eric Goldwyn, continue to inform the New York City press. In The New York Daily News, findings from the Transit Costs Project are mentioned:
Researchers at NYU spent five years studying this question and have just produced a comprehensive 500-page report. Part of the problem is that the politicians in charge have no incentive to save money; steeper costs just means greater “investment” in good, high-paying construction jobs. That’s nuts. If the next phase was “only” $2.5 billion/mile, $7.7 billion could buy three miles of subway instead of 1.76 miles.