Gov. Cuomo pumps brakes on full
L Train shutdown

The original plan raised concerns over Brooklyn real estate values

TRD New York /
Jan.January 03, 2019 01:40 PM

Governor Andrew Cuomo and the L line at Brooklyn (Credit: Getty Images)

The long-dreaded full shutdown of the L train subway tunnel, slated for this April, has been cancelled.

Gov. Cuomo unveiled a new plan on Thursday that would allow work to be done only on nights and weekends.

“It would not be necessary to close the L train tunnel at all, which would be a phenomenal benefit to the people of New York City,” Cuomo said at the announcement.

The Metropolitan Transit Authority had said that the closure was necessary to repair damage from Hurricane Sandy in 2012, and a full closure was chosen to get the repairs done quickly. A previous partial-closure option considered by the MTA would have taken three years to complete.

Following Cuomo’s announcement, it was not immediately clear what alternative plan the MTA would choose.

Ever since plans for a full shutdown were first announced in 2016, the impending closure of this crucial link to Manhattan has hung over the Williamsburg real estate market like a dark cloud — though some investors also saw opportunity in the lower prices. [NYT] — Kevin Sun

Related Articles


“I can talk about erections all day”: NAR tech consultant’s bizarre fireside chat

California passes landmark rent control law

Nuveen CEO Vijay Advani, Blackstone President & COO Jonathan Gray and one of the Texas properties

Blackstone just sold off a 29M sf national industrial portfolio

The purge continues: WeWork’s head of real estate is leaving

Council member Vanessa Gibson (Credit: New York City Council)

Commercial landlords face new fines as City Council passes anti-harassment bill

As House begins impeachment inquiry, here’s what we know about Trump’s Ukraine-real estate ties

Judith and Rudy Giuliani Rudolph and Judith Giuliani are divorcing after 16 years. (Credit: Getty Images, Trulia, Highrises)

Luxury properties at play in Rudy Giuliani’s ugly divorce

Governor Andrew Cuomo and Senator James Skoufis (Credit: Getty Images, NY Senate)

Owners of some residential properties can’t hide behind
LLCs anymore