Shown (from left) are: Scott Burman, principal of Engel Burman; Richard Herzbach, co-op/condo partner at Certilman Balin Adler & Hyman, LLP; Arthur Feldman, attorney at Farrell Fritz; Samuel Yedid, attorney at Lazer Aptheker Rosella and Yedid; and Alexander Wong, assistant VP/director of project development at Castagna Realty.
New York, NY The Long Island Real Estate Group (LIREG), of which Richard Herzbach is co-president, recently arranged a special tour of the MTA East Side Access Project.
East Side Access provides new LIRR service to the east side of Manhattan, supplementing existing service to Penn Station on Manhattan’s west side and Atlantic Terminal in Brooklyn. The East Side Access megaproject is one of the largest transportation infrastructure projects currently underway in the U.S. with a history that reaches back to the 1950’s when discussions were first held regarding regional transportation planning. The project encompasses work in multiple locations in Manhattan, Queens and the Bronx and includes eight miles of tunneling.
When completed, East Side Access will serve approximately 162,000 customers a day, providing a faster and easier commute from Long Island and Queens to the east side of Manhattan in a new 8-track terminal and concourse below Grand Central Terminal. The revised budget for the East Side Access project is $10.333 billion with a current estimate at completion of $11.1 billion. Revenue service is forecasted for December 2022.