New York, NY —
The Metropolitan Transportation Authority seems to have thrown in the towel on trying to cap costs at the Fulton Street transit hub in Lower Manhattan.
Despite changes to its original design, MTA CEO Lee Sander says the hub will still cost 62 percent more than its original estimate of $800 million.
SANDER: We have some revised options that would require spending in neighborhood of $1.3, $1.4 billion.
REPORTER: Sander would not say what revisions have been made to the hub's design. It originally included a glass dome to allow natural light into the subway station, and an above-ground shopping mall.
Last year, in order to cut costs, MTA officials had proposed getting rid of the mall, and making the glass dome smaller. It's not clear what other changes have been made.