By completion, the cost for the new station — called Grand Central Madison — had surged to more than $11 billion, or nearly $3.5 billion for each mile of track — seven times the average cost in the rest of the world.
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Also, the uniquely American price tag is a real downer: $11 billion, which is $7 billion overbudget thanks to contractor woes, delays, and labor costs, not counting debt service.
The MTA's ownership of Grand Central Terminal will further give MTA Long Island Rail Road clear control of the East Side Access terminal being built beneath Grand Central Terminal.
VIPs who want to avoid the public gaze have used a top-secret track, known as Track 61, to get around. It connects to an elevator that goes directly into the Waldorf Astoria Hotel. One such VIP, President Franklin Delano Roosevelt, is believed to have used it to hide his polio from the public.
Commuters rave about Grand Central Madison, even if it's hard to find. Grand Central Madison is huge — more than 700,000 square feet. And it's deep — stretching about 150 feet below the street, which is 15 stories. Navigating the space takes time.
For the restoration, the MTA retained Beyer Blinder Belle as its architectural consultant to assist in returning the neglected building to its original splendor.
It's the largest train station in the worldGrand Central Terminal is spread over 49 acres, has 44 platforms and 67 tracks on two levels. It is the world's largest train station by number of platforms and area occupied.
GCT is the largest train station in the world in terms of area occupied and number of platforms. The terminal is spread over 49 acres and has 44 platforms.
How NYC's Second Avenue Subway Became the World's Most Expensive Line. The Manhattan transit expansion's multibilllion-dollar price tag reflects the spiraling complexity of US construction practices, a team of NYU researchers says.