With each passing month of the partial government shutdown–currently in its third week–the Metropolitan Transportation Authority stands to lose $150 million per month in federal funds, Sen. Chuck Schumer said Sunday. Without funds from Washington, which are allocated for track repair work and construction projects, the MTA may have to cut back service or borrow money, if the shutdown continues. “They can last another four weeks, but after that, [the MTA has] got real trouble,” Schumer said during a news conference, as the New York Post reported. “They may have to borrow which would increase their costs. They may have to cut back, which would be a very bad thing.”
Designed by Philip Johnson for the 1964-65 World’s Fair to embody the architectural essence of Space Age futurism, the New York State Pavilion has been battered by the ensuing decades to the point of becoming valued as an “historic ruin.” As 6sqft previously reported, plans to restore the site have been progressing slowly even with new funding from the city. Now, Curbed reports, the iconic site in Flushing, Queens, will be getting a $16.5 million grant from FEMA for Hurricane Sandy-related repairs.
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Photo via The Gateway Program Development Corporation
President Donald Trump on Monday released his $200 billion infrastructure plan and it does not look good for New York and New Jersey. Because the plan shifts the financial burden from the federal government onto states and localities, relying on incentives to spur private investment, major projects will struggle to find funding. This includes the Gateway Tunnel project, a proposal to construct a new rail tunnel under the Hudson River and repair the existing one. As the only intercity passenger rail crossing into NYC from NJ, the tunnel is a critical link for nearly 200,000 daily passengers. While the Obama administration considered Gateway a priority and committed half of the project’s cost in 2015, the Trump administration has scoffed at the idea.
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Congress agreed to a budget deal Sunday night that allocates money to pay New York City back for funds spent on protecting Trump Tower, reports the New York Daily News. The bipartisan agreement creates a $68 million “protection package,” which will reportedly be split with Florida, where Trump’s Palm Beach Mar-a-Lago mansion serves as his vacation home.
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