CityRealty prez pitches East River cable car once again

Daniel Levy says gondola system connecting Williamsburg and Manhattan could be completed in time for potential L train shutdown

New York /
May.May 05, 2016 06:00 PM

With the impending L train shutdown inching toward reality, the president of CityRealty is revisiting his idea to connect Williamsburg and Lower Manhattan via suspended cable cars.

Daniel Levy is once again floating the idea he first proposed in 2014 for the East River Skyway, and he says private investors could build the gondola system in time for the planned shutdown.

“It’s not going to be easy to get [it done] but it’s certainly not impossible,” Levy told DNAinfo, adding that a similar system went up in London in time for the 2012 Olympics. “It’s certainly well within reach.”

As the Metropolitan Transportation Authority moves closer to shutting down the Canarsie Tube carrying the subway under the East River for 18 months beginning in 2019, real estate players on the Brooklyn side are bracing for the potential impacts.

Levy has been meeting with investors and is working on organizing them for the effort, which he says can be done for an estimated $134 million.

While the L train carries about 300,000 passengers between the two boroughs each day, the Skyway would be able to ferry about 200,000 people across the river, according to DNAinfo. A monthly pass would cost $25.

On the Manhattan side, Levy would build a station a station at Delancey Street. The original plan called for one station in Brooklyn on the Williamsburg waterfront, but since news about the L Train broke he’s included plans for a second station near the base of the bridge.

The MTA has scheduled two public meetings on the topic of the L train shutdown: one at the Marcy Avenue Armory May 5 at 6 p.m. and another at the Salvation Army Theater by Union Square to be held May 12 at 5 p.m.

[DNAinfo] – Rich Bockmann


Related Articles

arrow_forward_ios
Photo Illustration of Douglas Durst, chairman of the Durst Organization (Getty)
Durst accuses MTA of stalling East Harlem development
Durst accuses MTA of stalling East Harlem development
Sen. Charles Schumer, President Joe Biden and Mayor-elect Eric Adams with the BQE (Getty, iStock)
Goodbye BQE? How infrastructure bill boosts real estate
Goodbye BQE? How infrastructure bill boosts real estate
A photo illustration of Gov. Andrew Cuomo and Mayor Bill de Blasio (Getty)
Congress came through. Why is real estate not satisfied?
Congress came through. Why is real estate not satisfied?
Dalton Gomez and Ariana Grande (Compass, Getty, Instagram/ArianaGrande)
Ariana Grande and Compass’ Dalton Gomez engaged
Ariana Grande and Compass’ Dalton Gomez engaged
Senate Majority Leader Mitch McConnell and Speaker of the House Nancy Pelosi (Getty)
Stimulus to extend eviction moratorium, provide $25B in rent relief
Stimulus to extend eviction moratorium, provide $25B in rent relief
(Getty)
MTA proposes percentage-based rent payments for Grand Central retailers
MTA proposes percentage-based rent payments for Grand Central retailers
TRD's Erik Engquist and MTA Chief Development Officer Janno Lieber 
MTA development chief: Capital budget will be “cannibalized” without federal aid
MTA development chief: Capital budget will be “cannibalized” without federal aid
Related chairman Steve Ross and 35 Hudson Yards (Photos via Getty, SOM, MTA)
Hudson Yards pad sells for $7M; cash-strapped MTA gets a cut
Hudson Yards pad sells for $7M; cash-strapped MTA gets a cut
arrow_forward_ios

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

Loading...