BUSINESSTHE CITY NYC
First Subway Elevators Fully Funded by Developer to Open in Midtown
A developer, Sedesco, has fully funded two new subway elevators at the 57th Street station beneath Sixth Avenue as part of a city program allowing real estate firms to fund accessibility improvements in exchange for building larger structures. The initiative, Zoning for Accessibility, aims to accelerate the MTA's federal court-mandated goal of making 95% of subway stations accessible by 2055 through public-private partnerships.
Mentioned
Related Signal
Adjacent reporting
- LA Metro Debt Sale Helps Pay for Subway Serving Olympics, UCLA
- MTA advances long-awaited 2nd Avenue subway extension that's set to transform East Harlem
- L.A.'s long-awaited subway under Wilshire Boulevard opens, linking Beverly Hills to downtown
- Hong Kong to grant 3 property sites to sweeten East Kowloon transit project tender
- Second Avenue Subway: Hochul, MTA brass break ground on tunnel boring for East Harlem extension