NYC Real Estate Buyers and Sellers Breathe Easier as L Train Shutdown Called Off

As reported by the New York Times, Governer Cuomo has called off a planned shutdown of the L subway track, which would have lasted 15 months. The shutdown, which was intended to repair structural damage caused by Hurricane Sandy in 2012, will be replaced by a program of gradual repairs, and will accommodate full weekday service with some partial weekend closures.

The cancellation of the long-awaited (and dreaded) track closure is a cause for cautious celebration in neighborhoods such as Greenpoint and Williamsburg in Brooklyn, which rely on the L train for convenient access to and from Manhattan. While the future of the track will be fully revealed in time, as work continues assess and repair the remaining structural damage, the new plan is likely to be a boon to those looking to buy or sell near the L train’s route.

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