These two real estate execs bailed on
Gov. Cuomo’s Gateway tunnel tour

Steven Roth and Richard LeFrak previously served on Trump's infrastructure council

TRD New York /
Jan.January 03, 2019 11:00 AM

Steven Roth, Richard LeFrak, and a view of the Gateway tunnel (Credit: Getty Images and Curbed NY)

Real estate heavyweights Steven Roth and Richard LeFrak pulled out of a scheduled tour of the Hudson River rail tunnels last month.

The pair were planning to visit the tunnels as part of a series of inspections of infrastructure damage caused by Hurricane Sandy, Crain’s New York reported. It was arranged by Gov. Andrew Cuomo.

Representatives for Roth and LeFrak didn’t respond to the publication’s requests for comment.

Cuomo has been battling President Trump to come up with $13 billion for a new pair of tunnels. Vornado Realty Trust’s Roth previously appeared to support President Trump’s decision not to pay for half of the Gateway tunnel project. In an email exchange with Transportation Secretary Elaine Chao and LeFrak, Roth responded to a story that noted that Trump nixed a proposal to split the $13 billion cost with New York and New Jersey.

Roth praised Chao in the emails. He later said he supported the project. In a conference call, Roth said, “Gateway is far and away the most important infrastructure project in our region and one of the most critical for our nation.”

Roth and LeFrak, earlier in the Trump presidency, served on a committee meant to advise the White House on national infrastructure spending priorities. [Crain’s] — Meenal Vamburkar

Related Articles


California passes landmark rent control law

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

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

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

The Watchtower building at 25 Columbia Heights, CIM Group’s Shaul Kuba (right) and LIVWRK’s Asher Abehsera (Credit: Wikipedia, CIM Group, and LinkedIn)

JPMorgan leads $335M refi for CIM and LIVWRK’s Watchtower renovation

The construction giants catching a Windy City windfall

David Marx of MDG Real Estate and the site at 71-05 Parsons Boulevard in Queens (Credit: Google Images and iStock)

Here’s a weird one: David Marx plans towers at Queens site he bought from his own company

Resi scorecard: Brooklyn and Queens condo inventory through June 2019

Vornado's Steve Roth and 220 Central Park South (Credit: Getty Images, iStock)

Free and clear: Vornado pays off debt at 220 CPS