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| Re: Budget Concerns Threaten To Derail Fulton Transit Hub (561627) | |||
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Re: Budget Concerns Threaten To Derail Fulton Transit Hub |
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Posted by Kew Gardens Teleport on Wed Jan 30 12:58:03 2008, in response to Re: Budget Concerns Threaten To Derail Fulton Transit Hub, posted by Terrapin Station on Wed Jan 30 12:50:27 2008. Here's an example then:The way I understand it, Alphabet City will only develop if there is a subway line there. Once there is a subway line there and the development happens, then the city will get increased revenues. It's those increased revenues that are being used to pay back the loans used to build the subway line. So without building the subway line, the development doesn't happen, and then money isn't there is the future. So that's why the money has to be used on V train panhandle. Here's another example: The way I understand it, the central Bronx will only develop if there is a subway line there. Once there is a subway line there and the development happens, then the city will get increased revenues. It's those increased revenues that are being used to pay back the loans used to build the subway line. So without building the subway line, the development doesn't happen, and then money isn't there is the future. So that's why the money has to be used for replacing the 3rd Avenue El. And here's one to annoy the NIMBYs: The way I understand it, Nassau County will only develop if there is a subway line there. Once there is a subway line there and the development happens, then the city will get increased revenues. It's those increased revenues that are being used to pay back the loans used to build the subway line. So without building the subway line, the development doesn't happen, and then money isn't there is the future. So that's why the money has to be used on extending the E train across the City Line. |
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