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Article: Record MTA ridership fueling Grand Central boom.
- Article from:
- Real Estate Weekly
- Article date:
- April 2, 2008
CopyrightCOPYRIGHT 2008 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Ever since Grand Central Terminal officially re-opened 10 years ago after undergoing a major renovation, the Metropolitan Transportation Authority's famed transportation hub has also become a premier destination for shopping and dining.
With ridership on MTA Metro-North Railroad at its highest levels ever recorded--more than 80 million customers per year, almost double the number of passengers served when the railroad was founded in 1983--it's no wonder that Grand Central Terminal is bustling with activity and energy.
Indeed, business is booming at GCT: total annual sales in 2007 for the Terminal's shops and eateries are expected to be up a whopping 9% ...