Stimulus Package May Make New Transit Center Possible

The MTA has found a way to dig itself out of the hole it has made at Broadway and Fulton Streets.

MTA CEO Lee Sander says the agency will finish the Fulton Street Transit Center, with the help of money from President Obama's economic stimulus package.

SANDER: We hope to receive $497 million in funds that will immediately be invested in the Fulton Street Transit Center, enough funds to allow us to finish the project, and make the center the focal point.

REPORTER: Sander says the money spent on the transit center will be about 1/4 to 1/3 of the entire allocation coming to the MTA. The hub has been under construction for four years.

During that time, its costs have almost doubled, to $1.4 billion dollars.