Reporters at McClatchy obtained documents that the Trump transition team provided to the National Governor’s Association detailing 50 projects across the country that would take priority under the President’s proposed $1 trillion infrastructure plan, and among them are two NYC-based projects. The Gateway Project, which would repair the aging and Sandy-damaged Hudson River rail tunnels and build a new one, would cost $12 billion and create 34,000 jobs. Phases two and three of the Second Avenue Subway would cost $14.2 billion and create 16,000 direct jobs.
As 6sqft reported last week, Trump tapped two big-time New York real estate developers to head up his new infrastructure council. Richard LeFrak and Vornado’s Steven Roth will oversee the $1 trillion plan, which has been outlined “not just as a means to repair and build bridges and roads, but as a real estate platform for private entities to build and subsequently own public works such as schools, hospitals, or energy pipeline expansions through $137 billion in tax credits.”
Though members from Trump’s camp deny its authenticity, the preliminary $137.5 billion list of spending is titled “Emergency & National Security Projects.” It includes other urban transportation projects such as an $8.7 billion expansion and rehab of DC’s Union Station, the $5.6 billion Maryland Purple Line that will connect several transit systems in the DC/Maryland area, $8 billion towards repairing 15 bridges on I-95 near Philadelphia, the $12 billion Texas Central Railway, and a $3 billion expansion of Boston’s MBTA Green Line.
Separately, Senate Democrats unveiled their own $1 trillion infrastructure plan. Led by Chuck Schumer, their proposal also includes the Gateway Project and Second Avenue Subway. According to the Times, the 10-year plan is broken down as follows: $180 billion to rail and bus systems; $65 billion to ports, airports and waterways; $110 billion for water and sewer systems; $100 billion for energy infrastructure; and $20 billion for public and tribal lands. Unlike Trump’s public-private model, the Democratic plan calls for direct federal funding.
- Trump to name New York developers Richard LeFrak and Steven Roth to oversee new infrastructure council
- Amtrak’s Hudson River tunnels project could bring 3 years of traffic jams
- Nearly 100 years later, the Second Avenue Subway officially opens!