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RPA Details $16B ‘Grim New Reality’ of Partial Shutdown of Hudson River Rail Tunnel

NEW YORK CITY—The Regional Plan Association released a report yesterday that detailed what would be a $16-billion hit to the national economy if…

The Regional Plan Association calculates that a partial shutdown of the Hudson River rail tunnels absent of the Gateway project would be $16 billion. The Regional Plan Association calculates that a partial shutdown of the Hudson River rail tunnels absent of the Gateway project would be $16 billion.

NEW YORK CITY—The Regional Plan Association released a report yesterday that detailed what would be a $16-billion hit to the national economy if the full Gateway Rail Tunnel project does not move forward.

The RPA in its report entitled “A Preventable Crisis: The Economic and Human Costs of a Hudson River Rail Tunnel Shutdown” calculated that if the Gateway project fails to progress and the Trans-Hudson Rail Tunnel were to be partially shut down for a period of four years to undertake necessary repairs it would also result in a $22 billion reduction in home values.

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John Jordan

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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