The first segment of the line is expected to be completed in 2012 (which would have been great had the 2012 Olympics been held in NYC).
Shovels will break ground next year on the new subway line's first phase, which will run down Second Avenue from 96th Street to 63rd Street, MTA Chairman Peter Kalikow said yesterday.The line is expected to run up to 125th street and down to the Financial District, including a stop at the South Street Seaport. However, there is no funding available at this time for those segments, nor is there any timetable for when that would happen. The expected cost for the whole line as currently envisioned would be north of $13 billion.
"It is funded," Kalikow said of the project. "It doesn't get any better than this."
Look for him on the line when it opens in 2012 — right around his 70th birthday.
"I'm going to ride through with my half-fare [senior citizen] MetroCard in the first car," Kalikow said. "You'll see me waving if you're in the stations."
The line's first segment is expected to carry 202,000 daily weekday riders.
UPDATE:
The Gothamist has more on the trials and tribulations of the 'T' line.
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