Officials announced that a federal grant for $1.3 billion would be obtained soon to aid the Second Avenue Subway project. Other funding sources for the new subway line include $450 million Transportation Bond, and $1.05 billion from the State. Many anticipate that the new line will alleviate crowding on the Lexington Avenue line and will allow for better commute times. The East Side Access project...

Because construction of the Second Avenue Subway will require tearing down four rent-controlled apartment buildings on the Upper East Side, under federal law the MTA is required to relocate tenants to equivalent housing. In order to ensure that the buildings scheduled for demolition are clear by the end of 2008 and to limit the number of tenants it will have to evict, MTA has begun leasing individual...

Officials announced yesterday that the Federal Transit Administration approved a $1.3 billion grant for the $3.8 billion project. Although the funding requires congressional approval, this step demonstrates major advancement in securing funding for the new subway line. The state committed $1.05 billion and the 2005 Transportation Bond Act pledged $450 million.

At a public hearing held on Thursday evening, the Metropolitan Transit Authority (MTA) heard from several property owners who are opposed to building takeovers in order to build the 2nd Avenue Subway. The first portion of the subway line being built between East 63rd Street and East 96th Street may require eminent domain of four buildings. At least 19 other properties may be seized to complete the...

$125 million in funding was included for the 2nd Avenue Subway in the Senate-passed Transportation funding bill for Fiscal Year 2008. Also included in the Senate bill was $200 million for the East Side Access Project. Funding levels will face at least one more hurdle as a Conference Committee must now hammer out the details of the House and Senate versions of the bill and develop compromise legislation...

According to a presentation put together by the Lower Manhattan Construction Command Center, the simultaneous progress on many large capital improvement projects within New York City could lead to a shortage in labor and key materials such as concrete and steel. The situation may further delay construction of several projects, as demand for certain professions is expected to outstrip supply. High...

The House of Representatives has approved several chunks of federal funding for New York City mass transit projects. Approved funding included a $9 million grant to upgrade air traffic control at La Guardia Airport, $215 million for the East Side Access Project, and $200 million for the Second Avenue Subway. The funding was all set aside in the 2008 Transportation and Urban Development Appropriations...

The MTA may be seeking a fare increase for subway and bus riders in order to help fill a budget shortfall of over $800 million. Fares have not been raised since 2005. The fare increase would also help pay for capital projects such as the Second Avenue Subway, a link between LIRR and Grand Central Terminal, and the No. 7 subway extension.

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Designs for the Second Avenue subway entrance at near 85th and 86th Streets have been altered to allow two existing Food Emporiums to remain open. The plans have been changed due to the high cost of buying out the grocery stores, as well as complaints by residents that closing the stores would worsen an existing shortage of grocery stores in the neighborhood.