MTA Chair and CEO Janno Lieber said the agreement will also allow the MTA to rake in a projected $1 billion over time from lease payments and property tax revenues for the site. Those dollars will go toward the agency's capital program, he said. Lieber also noted just how important the East Side LIRR terminal is.
The impact of these projects, once completed, is obvious to riders. Replacing our existing 100-year-old signals with modern equipment means less time spent praying your train starts moving again soon while sitting in tunnels or delayed in stations. Meanwhile the additional ADA stations are yet more proof that this MTA is addressing the needs of economically-challenged populations in our City: seniors, parents with young children, and of course, people with disabilities.
IT's Thanksgiving, and we are thankful for another completed station renovation here at church Avenue, said Lieber, who lives close by to the station. This is a busy station, folks. I'm going through it every day. The new ADA elevators are always the headline when we do these projects, but we did a ton of other work to upgrade the station.
