Volume 17 • Issue 32 • Dec. 31, 2004 - Jan. 6, 2005


Wils: Tunnel extension will push costs to $1 billion

Madelyn Wils, a member of the Lower Manhattan Development Corp. board of directors, said that extending the proposed West St. tunnel two blocks north to Murray St. will cost an additional $160 to $170 million. The proposal, to sink the six-lane highway beneath a landscaped surface, is already pegged at $860 million.

“I don’t know how or who will be paying for this,” Wils, also chairperson of Community Board 1, said at the Dec. 21 C.B. 1 meeting. “This will have to be resolved one way or another. The governor is the one who’s going to make this decision and he hasn’t made it yet.”

Goldman Sachs, which plans to build its new headquarters in Battery Park City between Vesey and Murray Sts., wants a two-block extension to avoid a 260-foot wide tunnel ramp at its entrance. The alternative tunnel ramp entrance would abut P.S./I.S. 89 and the Battery Park City ball fields.

Goldman Sachs has now raised the stakes on the extension, saying that a Vesey St. tunnel entrance would be “a deal breaker,” the New York Post reports. Brookfield Properties, which owns nearby World Financial Center, and a long supporter of the tunnel, reportedly supports Goldman Sachs’ stance, citing fears of a residential development in its place.

Another tunnel supporter, Tim Carey, president of the Battery Park City Authority, told Downtown Express a few weeks ago that he still prefers a Vesey St. entrance.

The tunnel is opposed by Community Board 1 and many residents of B.P.C. either because they think it’s too costly, will take too long to build or will make the street less safe because of the ramps.



Downtown Express is published by
Community Media LLC.


Downtown Express
487 Greenwich St.,
Suite 6A | New York, NY 10013

All rights reserved.
Downtown Express and downtownexpress.com
are registered trademarks of Community Media, LLC
John W. Sutter, president


WEBMASTER:
artu
ro@communitymediallc.com

Phone: 212.229.1890 | Fax: 212.229.2790
Email: josh@downtownexpress.com


Home

Downtown Express is published by
Community Media LLC.

Downtown Express | 487 Greenwich St., Suite 6A | New York, NY 10013

Phone: 212.242.6162 | Fax: 212.229.2970
Email: news@downtownexpress.com



Written permission of the publisher must be obtainedbefore any of the contents of this newspaper, in whole or in part, can be reproduced or redistributed.