Water Under The Bridge (If It Had the Funding)

Written By Jonathan Tuason | May 20, 2014
2019%2f09%2f13%2f12%2f37%2f05%2f9d537db2 06b0 4e1d ad5a 074416acaa35%2ffile

Since Hurricane Sandy swept through the East Coast, redevelopment has been unfortunately slow.  Late last month, the Metropolitan Waterfront Alliance met for their annual conference, this time titled, “Rebuilding our Waterfront: From the Water In, From the Grassroots Up”, in the hopes of addressing progress thus far, and how to continue forward.

Progress has been stymied on more than one front, but there’s an overarching pattern of insufficient funding.  The region received $60 billion in relief funds from Congress, but Governor Cuomo’s Office of Storm Recovery director James Rubin believes the necessary total is twice that.  Additionally, former executive director of the Port Authority Chris Ward insists that the venture, as integral as it is for the corridor, is incapable of continuing to carry the region’s hard infrastructure financially.

Adding to the junction’s history of ambiguity regarding which state should be charged with its development, a recent report from the Citizens Budget Commission suggested transferring responsibility of the PATH, the rapid transit system linking New Jersey’s northern cities with Manhattan, from the Port Authority to NJTransit, and thereby increasing the cost to the state’s taxpayers, which unsurprisingly, hasn’t been totally well-received.

The strain, too can be felt in the Hudson Yards megaproject, which was to include a transit hub, but now has its $185 million trans-Hudson tunnel on hold.  The flood-resistant project not only has issues with its funding, which Senator Charles Schumer has been appealing Congress to address, but also because the project’s developers are ready to begin the upwards building of their planned towers, further complicating the project.  Currently, there are only two trans-Hudson tunnels.  The need for effective connectors is further emphasized by Governor Christie’s cancellation to the Access to the Region’s Core rail project, redirecting its funding to the Pulaski Skyway’s rehabilitation.

But on a more optimistic and generative note, the waterfronts’ futures have so far been touched on by design contests like the Rebuild by Design competition sponsored by the Department of Housing and Urban Development.  The contest yielded 10 finalists from an initial 140 entries, and charged them with the directive of designing developments of waterfront areas, while taking into consideration future environmental events of a greater scope, as well as local residents’ opinions and hopes for the affected areas.  The interdisciplinary teams displayed their ideas in early April, which ranged from WXY and West 8’s series of buffer islands, to BIG’s “U” wall with community-use features.

Blog Archive


This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. © 2021 REBNY Listing Service, Inc. All rights reserved. RLS IDX Data display by Elegran LLC. IDX information is provided exclusively for consumers’ personal, non- commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Elegran LLC may or may not be the exclusive listing agent of the properties being displayed on Elegran.com. All data displayed on Elegran.com is presented for informational purposes only and should be independently confirmed by all customers. All Information is compiled from both public and private sources including, but not limited to the RLS, MLS and ACRIS; each of which is assumed to be reliable. All information displayed is subject to errors and omissions regarding apartment specifications and final sale prices, and further, any unit listed may have had its listing withdrawn without notice subsequent to such information being compiled. No representation is made as to the accuracy of any description (ie: listing, close sale data, and/or building description) of any building or individual unit. All measurements and square footage are approximate and all information herein should be confirmed by customer and/or their attorney. Elegran LLC, its members, affiliates, and contributors adhere to New Your City, New York State, and United States Fair Housing Laws.