Downtown Alliance Statement on Progress at Fulton Street Transit Center

The Alliance for Downtown New York today issued the following statement after the Metropolitan Transportation Authority announced that underpinning for the Corbin Building and the foundation for the Fulton Street Transit Center Building are complete, marking a major milestone in the $1.4 billion project.

“Once completed, the Fulton Transit Center will be a world-class transit hub serving a world-class central business district,” said Elizabeth H. Berger, President of the Alliance for Downtown New York. “And it’s just one piece of the amazing transformation we’re experiencing in Lower Manhattan. From real progress at the World Trade Center site to the upcoming openings of the East River Waterfront Esplanade and Frank Gehry’s Beekman Tower, the district will continue to meet the demands of its 300,000 workers, 55,000 residents and more than six million annual visitors and remain a destination of choice for the city’s premier commercial and retail tenants. Thanks to MTA Chairman Jay Walder and his Capital Construction team for their steadfast commitment to this project.”

The Transit Center will connect five subway stations, ten subway lines and the PATH train, improving access for more than 300,000 daily customers. The overall project, funded primarily with federal funds, remains on schedule and will be completed in 2014. You can learn more about the project at http://www.mta.info/capconstr/fstc/.