Economics
NYC Subway to N.J. Weighed in Wake of Canceled Tunnel
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New York City officials are studying a proposal to extend the No. 7 subway line from Manhattan under the Hudson River to Secaucus after New Jersey Governor Chris Christie killed plans for a new tunnel linking the states.
Mayor Michael Bloomberg’s administration said the subway plan would double commuter capacity and spur regional economic growth. Christie on Oct. 27 canceled the train tunnel, saying New Jersey couldn’t afford as much as $5 billion in potential overruns on the $8.7 billion initial cost of the project.