The MTA is prepping to push the Second Ave Subway completion date (for the first segment) to 2015, due to what's being reported by The Daily News as "higher than anticipated construction costs."
The MTA - which will announce the findings of a review of its mega projects and unveil a new capital plan today - also is set to delay the completion date of the Long Island Rail Road extension to Grand Central Terminal to 2015.
In 2005, the first phase of the Second Ave. subway, from 96th St. and Second to the existing station at Lexington Ave. and 63rd St., was projected to be carrying riders in 2012. By December, officials were predicting 2014. Now, it's pushed back another year. The city announced plans to build the line in 1929.
The MTA is in a "tough situation," one transportation source said. "The question is whether government will be prepared to recognize the importance of the transit system to the region" by providing new funding.