MTA’s East Side tunnels will create jobs: Maloney

U.S. Rep. Carolyn Maloney (D−Astoria) issued a report Tuesday that she said indicated that the town already has its own economic stimulus program, creating mega−billions of dollars, with much of it happening below the streets.

“The Second Avenue subway and therefore the side Access are moving forward and creating thousands of jobs, literally beneath our feet,” Maloney said. “While these projects won’t cure everything that ails our economy, they’re an enormous help in getting us back on target .”

Maloney has long been a champion of the 2 huge transit projects, both heavily supported by federal money and both scheduled for completion in 2015.

Both are almost completely in her district, which covers the sides of Manhattan and parts of western Queens.

Minna Elias, chief of staff in Maloney’s office, said the report was circulated to form the general public conscious of the advantages of the 2 projects.

“We wanted everyone to know that each one of this work is even now helping our economy and can do so for years to return,” Elias said. “The benefits will continue even after we get over this present economic slowdown.”

State Assembly Speaker Sheldon Silver (D−Manhattan) stated that “I commend Congresswoman Maloney for the report, which shows the economic benefits of moving forward with both these projects.”

Much of the development on the side Access remains happening in Queens, including tunneling to Manhattan. The project is also to incorporate a replacement Long Island Rail Road station in Sunnyside.

Among elements of the report,

  • Every dollar spent on public infrastructure augmented the gross domestic product by $1.50.
  • The Second Avenue Subway project has created 16,000 jobs, generated $842 million in wages and produced $2.87 billion in economic activity.
  • The side Access has created 22,000 jobs, generated $1.176 billion in wages and produced $4 billion in economic activity.
  • During construction of the 2 projects, the Second Avenue Subway will generate $4.347 billion in economic activity and therefore the side Access will generate $12.275 billion in economic activity.
  • Transit projects generate approximately 570 direct and indirect jobs for each $10 million in capital expenditures. Transit projects produce roughly $30 million in sales for each $10 million in capital expenditures.

Joining Maloney were Manhattan Borough President Scott Stringer; Manhattan Council members Daniel Garodnick and Jessica Lappin, both Democrats; and Elliot Sander, executive of the Metropolitan Transportation Authority.

The Second Avenue Subway — long-planned but canceled several times will relieve crowding on the city’s most congested line, the Lexington subway, which accounts for 40 percent of all city subway patrons.

The side Access will save commuters who now must make their way across town by foot, taxi, bus or subway after arriving on the LIRR at Penn Station. Estimates are that straphangers will save to a half−hour daily.

The side Access will provide LIRR trains with a replacement station 110 feet below Grand Central.

Martin
 

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