NEW YORK CITY-“Sixteen acres of some of the most intensive infrastructure development are outside this window,” Cas Holloway, deputy mayor for operations, told a NAIOP NYC audience gathered at 7 World Trade Center Thursday morning. Holloway cited the World Trade Center redevelopment, with its interlinked mix of office and transit components, as an example in reaffirming the Bloomberg administration’s commitment to infrastructure spending during its remaining 19 months. He stressed such investment’s importance to maintaining and increasing the region’s competitiveness, whether it comes from the public sector, private initiatives or combinations of the two.

Noting that infrastructure improvements facilitate development, Holloway said, “We’re already starting to see the rise of an entirely new neighborhood on the West Side of Manhattan” thanks in part to the Metropolitan Transportation Authority’s extension of the number 7 subway line westward from its current terminus near Times Square. “And that is only going to continue.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.