Sky-High Costs Choke Construction, Reports Find

The new Second Avenue subway cost $807 million per track mile, the Regional Plan Association calculated, while London completed a similar project for $124 million per track mile. The discrepancy could deter New York politicians from funding more expansions. "We're not going to get more transportation construction, however crucial to the city's development, unless costs are brought down and procedures streamlined," wrote the RPA's Julia Vitullo-Martin.

Read the full article in Crain's New York Business.