Will Trump help Gateway get off the ground?

Officials optimistic about president-elect's focus on infrastructure

New York /
Nov.November 10, 2016 09:05 AM

A Trump presidency may help get the Gateway tunnel project moving.

John Porcari, interim executive director of the Gateway Development Corporation, the group heading the $24 billion project, said he “looks forward to working with [Trump] and his administration” and is happy that the president-elect has identified infrastructure as one of his top priorities, Politico reported.

Donald Trump TRData LogoTINY has said that he wants to invest $1 trillion in infrastructure and plans to introduce a bill that will authorize that spending — though the source of the funding is not yet clear. Officials said in October that funding for the project — which would bring two new tunnels under the Hudson River — could be in place by 2019. At the time, Sen. Chuck Schumer said he would not approve a transportation secretary who didn’t back the project. That, however, assumed that he would be Senate majority leader with Hillary Clinton as president.

The president-elect has not yet commented specifically on Gateway. Gov. Chris Christie, who is expected to join Trump’s administration, has shown support for the project, despite the fact that he put the kibosh on Gateway’s predecessor, ARC. [Politico]Kathryn Brenzel 


Related Articles

arrow_forward_ios
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
 Fredrik Eklund and the property (Getty, Steve Frankel)
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Gordon Ramsey and his Lucky Cat restaurant (Lucky Cat)
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Gordon Ramsay to open first South Florida restaurant in Miami Beach
781 Fifth Avenue and Howard Lorber
Full 17th floor at Sherry-Netherland asks $30 million
Full 17th floor at Sherry-Netherland asks $30 million
Governor Kathy Hochul, casino chips, film camera
How Hochul’s film tax credit, casino plan affect real estate
How Hochul’s film tax credit, casino plan affect real estate
Council member Pierina Sanchez and Public Advocate Jumaane Williams (Photo Illustration by Steven Dilakian for The Real Deal with Getty, New York City Council)
Bill targets co-op discrimination against buyers
Bill targets co-op discrimination against buyers
Kohler Interiors' Rachel Kohler with  21-05 51st Avenue (Loopnet, Getty)
Tile retailer Ann Sacks inks 21K sf lease in Long Island City
Tile retailer Ann Sacks inks 21K sf lease in Long Island City
A photo illustration of The Agency’s Rainy Austin and Mauricio Umansky (Getty, The Agency)
Layoffs hit The Agency
Layoffs hit The Agency
arrow_forward_ios

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

Loading...