Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 15,387.60 +52.30 0.34%
S&P 500 1,669.16 +2.87 0.17%
Nasdaq 3,502.12 +5.69 0.16%
Ticker Volume Price Price Delta
STOXX 50 2,821.65 -2.85 -0.10%
FTSE 100 6,803.87 +48.24 0.71%
DAX 8,472.20 +16.37 0.19%
Ticker Volume Price Price Delta
Nikkei 15,381.00 +20.21 0.13%
Hang Seng 23,366.40 -126.66 -0.54%
S&P/ASX 200 5,180.06 -28.98 -0.56%

NYC to Extend High Line Park After CSX Donates Stretch

(Corrects date of second phase in fourth paragraph.)

New York City said it plans to extend the High Line, a park built on a disused elevated rail line, to West 34th Street after CSX Transportation Inc. (CSX) donated a new section to the city.

“The High Line’s first two phases were groundbreaking and with the development of the rail yards section, the trilogy will be complete,” Adrian Benepe, the Parks and Recreation commissioner, said in a statement. Construction on the final phase is expected to begin this year.

The High Line is a public park built along the elevated freight line on Manhattan’s West Side. The railway was constructed 30 feet above street level and was built in the 1930s to remove freight-train traffic from the city’s busy streets. Use of the High Line was suspended in 1980 and it was targeted for demolition in the late 1990s, before a community- based group, Friends of the High Line, fought to preserve the structure. The city now owns it.

The first section opened in 2009, with a second added in June 2011. With the new section, the park will stretch from Gansevoort Street to West 34th Street between 10th Avenue and 11th Avenue.

“The High Line has become a treasured neighborhood oasis, a significant generator of economic activity for the entire city, and a celebrated icon for planners, designers, and leaders around the world,” said New York City Mayor Michael Bloomberg in the statement.

Vital Area

Jacksonville, Florida-based CSX is the largest rail carrier in the eastern U.S., with a transportation network that covers about 21,000 miles.

“We view the donation of the High Line as not simply a transfer of ownership, but a contribution to the vitality of the area,” said Michael Ward, the company’s chief executive officer, in a statement.

The mayor is founder and majority owner of Bloomberg News parent Bloomberg LP.

To contact the reporter on this story: Gillian White in New York at gwhite46@bloomberg.net

To contact the editor responsible for this story: Stephen Merelman at smerelman@bloomberg.net

Enlarge image NYC to Extend High Line Park After CSX Donates New Rail Stretch

NYC to Extend High Line Park After CSX Donates New Rail Stretch

NYC to Extend High Line Park After CSX Donates New Rail Stretch

Spencer Platt/Getty Images

The High Line park, one of Manhattan's most popular tourist attractions,in the Meatpacking District in New York City.

The High Line park, one of Manhattan's most popular tourist attractions,in the Meatpacking District in New York City. Photographer: Spencer Platt/Getty Images

Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.

Personal Finance Best Sellers From Amazon

Key Rates

  • Mortgage
  • Home Equity
  • Savings
  • Auto
  • Credit Cards
Today’s national average mortgage rates. Rates may include points.
Type Today 1 Mo
30 Year Fixed Jumbo 4.00% 3.95%
30 Year Fixed 3.67% 3.51%
15 Year Fixed 2.80% 2.74%
10 Year Fixed 2.91% 2.97%
30 Year Fixed Refi 3.65% 3.50%
15 Year Fixed Refi 2.80% 2.71%
5/1 ARM 2.60% 2.61%
5/1 ARM Refi 2.60% 2.56%
View rates in your area »

Source: Bankrate.com

Today’s average home equity rates nationwide.
Type Today 1 Mo
$30K HELOC 5.35% 5.24%
$50K HELOC 4.56% 4.60%
$75K HELOC 4.57% 4.54%
$100K HELOC 4.27% 4.27%
$30K Home Equity Loan 5.95% 6.06%
$50K Home Equity Loan 5.97% 6.02%
$75K Home Equity Loan 5.94% 5.98%
$100K Home Equity Loan 5.80% 5.84%
View rates in your area »

Source: Bankrate.com

Today’s average savings rates nationwide.
Type Today 1 Mo
5 Year CD 1.23% 1.21%
2 Year CD 0.70% 0.66%
1 Year CD 0.57% 0.52%
MMA $10K+ 0.47% 0.50%
MMA $50K+ 0.69% 0.71%
MMA Savings Jumbo 0.58% 0.60%
View rates in your area »

Source: Bankrate.com

Today’s average auto loan rates nationwide.
Type Today 1 Mo
60 Months Used Car 2.98% 2.94%
48 Months Used Car 2.93% 3.12%
36 Months Used Car 2.87% 2.96%
72 Months New Car 2.43% 2.98%
60 Months New Car 2.53% 2.68%
48 Months New Car 2.44% 2.60%
60 Months Auto Refi 4.16% 4.37%
36 Months Auto Refi 3.61% 3.77%
View rates in your area »

Source: Bankrate.com

Today’s average credit card rates nationwide.
Type Today 1 Mo
Standard Variable 14.12% 14.12%
Standard Fixed 13.23% 13.23%
Gold Variable 12.70% 12.70%
Gold Fixed 11.99% 11.99%
Platinum Variable 15.53% 15.46%
Platinum Fixed 12.70% 12.70%
View rates in your area »

Source: Bankrate.com