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MTA: No. 7 extension needs $1B

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Elliot “Lee” Sander, the MTA’s executive director and chief executive, said he would stop plans for building the No. 7 extension unless the city pays more for cost overruns on the project. The $2 billion project is now estimated to have $1 billion in cost overruns. Construction on the project, which would bring the line’s endpoint to 34th Street and 11th Avenue, is set to begin at the end of this year. more [AMNY]

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