Spinola optimistic on No. 7 subway expansion

New York /
Jun.June 10, 2010 04:00 PM

Steve Spinola

The No. 7 subway expansion may be close to realty — according to Steven Spinola, head of trade group the Real Estate Board of New York. Spinola told the Wall Street Journal that city officials are “seriously looking” at different options for the train extension construction. But Spinola might have spoken too soon on the $500 million project — according to a spokesperson for the mayor’s office, plans are still up in the air. “If a plan can be worked out that preserves the possibility of a station getting built in the future without delaying or adding cost to the project, we’re open to it,” the spokesperson said. “That remains a big if.” Spinola has emerged as a central figure in the fight for the proposed No. 7 station at the corner of 41st Street and 10th Avenue, claiming that “the ability to attract substantial investment, substantial jobs and substantial tax dollars over the next decade or two is tied to… a [new] station.” [WSJ]

 

Related Articles

arrow_forward_ios
John Banks
High expectations: A look at John Banks’ 4 years at REBNY
High expectations: A look at John Banks’ 4 years at REBNY
John Banks
John Banks to step down as REBNY president
John Banks to step down as REBNY president
REBNY Awards
Newmark Knight Frank wins REBNY retail award for Alamo Drafthouse deal in FiDi
Newmark Knight Frank wins REBNY retail award for Alamo Drafthouse deal in FiDi
CoStar CEO Andy Florance
CoStar comes home to play
CoStar comes home to play
Bloomberg nabs 191K sf expansion with SL Green
Bloomberg nabs 191K sf expansion with SL Green
Bloomberg nabs 191K sf expansion with SL Green
Small developments dominate as new building filings return to pre-pandemic levels
Small developments dominate as new building filings return to pre-pandemic levels
Small developments dominate as new building filings return to pre-pandemic levels
Commercial brokers’ confidence at all-time high: REBNY survey
Commercial brokers’ confidence at all-time high: REBNY survey
Commercial brokers’ confidence at all-time high: REBNY survey
CoStar CEO Andy Florance and REBNY president James Whelan (Getty, iStock, REBNY)
Brokerage execs gush over REBNY, CoStar listing portal. Agents aren’t sold
Brokerage execs gush over REBNY, CoStar listing portal. Agents aren’t sold
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...