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Fulton subway hub offer over budget

By Marlene Naanes, amNewYork Staff Writer
More stories | MNaanes@am-ny.com

January 17, 2008

Only one company bid on the MTA contract to build a domed transit hub atop the Fulton Street subway lines, and the offer was above the project's budget, officials said Wednesday.

The bid to build the glass-and-steel building, which has been delayed and scaled back before, leaves the structure's future unclear. Agency officials would not say if the building would be scaled back again or suffer more delays. Much of a city block has already been cleared to prepare for it.

The MTA said it was considering a variety of solutions and would release more details in the coming weeks. The project's goal is to make transferring between several subway lines easier.

Last year, the agency had to dip into MTA operating funds when the project's cost soared $56 million above the $847 million in Sept. 11 federal funds that was supposed to pay for all of it, according to budget documents.