{"id":5932,"date":"2010-04-28T07:30:33","date_gmt":"2010-04-28T12:30:33","guid":{"rendered":"https:\/\/www.bridgeandtunnelclub.com\/blog\/?p=5932"},"modified":"2010-04-28T07:30:33","modified_gmt":"2010-04-28T12:30:33","slug":"what_can_46_million_get_you_these_days","status":"publish","type":"post","link":"https:\/\/www.bridgeandtunnelclub.com\/blog\/archives\/2010\/04\/what_can_46_million_get_you_these_days.html","title":{"rendered":"What Can $46 Million Get You These Days?"},"content":{"rendered":"<p>An interest payment on the <a href=\"https:\/\/www.bridgeandtunnelclub.com\/blog\/archives\/2010\/04\/savor_this_because_it_will_probably_never_ever_happen_again_in_your_lifetime.html\">forward-thinking<\/a> 7 train extension, <a href=\"http:\/\/www.nydailynews.com\/ny_local\/2010\/04\/28\/2010-04-28_bills_coming_in_on_7_train_dig.html\">for one<\/a>:<\/p>\n<blockquote><p><em>The city will spend $46 million next year on a subway to nowhere &#8212; the first time taxpayers have put cash toward Mayor Bloomberg&#8217;s dream of extending the 7 train to the far West Side.<\/p>\n<p>Bloomberg budgeted $300 million for the subway project over the past five years but never spent any of it. Developer fees and investment income had paid the interest on bonds financing the $2.1 billion extension.<\/p>\n<p>Next year, however, Hudson Yards Infrastructure Corp. President Alan Anders expects the city will cover half the $97.5 million interest cost.<\/p>\n<p>. . .<\/p>\n<p>Bloomberg committed the city to pay for the 7 train extension because he believes it will spur new growth. The MTA does not consider it a priority and is not funding the project.<\/em><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>An interest payment on the forward-thinking 7 train extension, for one: The city will spend $46 million next year on a subway to nowhere &#8212; the first time taxpayers have put cash toward Mayor Bloomberg&#8217;s dream of extending the 7 train to the far West Side. Bloomberg budgeted $300 million for the subway project over [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[68,35],"tags":[],"class_list":["post-5932","post","type-post","status-publish","format-standard","hentry","category-follow_the_money","category-grrr"],"_links":{"self":[{"href":"https:\/\/www.bridgeandtunnelclub.com\/blog\/wp-json\/wp\/v2\/posts\/5932","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bridgeandtunnelclub.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bridgeandtunnelclub.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bridgeandtunnelclub.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bridgeandtunnelclub.com\/blog\/wp-json\/wp\/v2\/comments?post=5932"}],"version-history":[{"count":1,"href":"https:\/\/www.bridgeandtunnelclub.com\/blog\/wp-json\/wp\/v2\/posts\/5932\/revisions"}],"predecessor-version":[{"id":5933,"href":"https:\/\/www.bridgeandtunnelclub.com\/blog\/wp-json\/wp\/v2\/posts\/5932\/revisions\/5933"}],"wp:attachment":[{"href":"https:\/\/www.bridgeandtunnelclub.com\/blog\/wp-json\/wp\/v2\/media?parent=5932"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bridgeandtunnelclub.com\/blog\/wp-json\/wp\/v2\/categories?post=5932"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bridgeandtunnelclub.com\/blog\/wp-json\/wp\/v2\/tags?post=5932"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}