NY Dirt: Hochul’s IBX-oriented housing “dream” needs funding
Gov. Kathy Hochul has transit-oriented housing on her mind. She’s framing the Interborough Express as a way to boost density in nearby Queens and Brooklyn neighborhoods. But first, the light rail project needs another $2.75 billion for its buildout. The IBX has been a priority for Hochul, despite the uphill battle of fully funding the $5.5 billion project with federal dollars unlikely to materialize in the current dynamic with President Donald Trump. Adding 18 light rail stops from Jackson Heights to Sunset Park with connectivity to nearby subway stations has the potential to bring 60,000 new units of housing or […]
This article originally appeared on The Real Deal. Click here to read the full story.
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