Quote:
Originally Posted by jmecklenborg
Real estate interests love that Grand Central and Penn are terminal stations because no other part of Manhattan or the region can compete for premier Class A office space. All parts of the NYC region can reach Midtown with equal ease whereas its difficult for Long Islanders to reach Jersey City, for example. Meanwhile it's equally tedious for anyone in New Jersey to commute to Long Island City or DT Brooklyn.
That's how everyone with property in Midtown wants it, and they will fight tirelessly to maintain the status quo.
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I think that probably overstates the sector's sway, especially these days. NJ/NY politics and their various parochial transit orgs never wanting to share or change is more to blame.