RIOC Approves FERI FDR Memorial and Announces Another Delay in Tram Modernization Project

Image June 25 RIOC Board Meeting

A quick note from this mornings RIOC Board Hearing. The Board approved FERI's proposed FDR Four Freedoms Park but construction will not start until all funds for Phase 1 are raised and other conditions met.

Also, RIOC President Steve Shane announced that it was likely that the Roosevelt Island Tram modernization project will be delayed again. The new start date for the Tram Modernization project is March 2010 when it will go out of service for approximately 6 months.

Webcast of the meeting will be available shortly.