Maloney: 2nd Ave Subway Construction Has Bright Side

Yesterday, Representative Carolyn Maloney released a report detailing how construction for the Second Avenue Subway, as well as the East Side Access plan, have helped out the economy. According to the findings, the Second Ave Subway has created 16,00 jobs, generated $842 million in wages, and produced $2.87 billion in economic activity, while East Side Access has created 22,000 jobs, generated $1.176 billion in wages, and produced $4 billion in economic activity. And by the endShe said, “The stock market may be slumping, but these two transit megaprojects are delivering a very healthy return on the federal and state investments in them... While these projects won’t cure everything that ails our economy, they are a huge help in getting us back on track.” Read the report (PDF). Last month, NY1 focused on 2nd Avenue businesses that have taken a hit since the dig—Second Avenue Business Association says, "Within the first six months of the construction process commencing, business declined between 15 and 20 percent."