Who Presently Owns the QueensWay Site?
The QueensWay site is owned by the City of New York. Of the 47 acres planned for reuse as a park, 40 acres are managed by the Department of Citywide Administrative Services (DCAS) and seven acres are dedicated parkland held by NYC Department of Parks & Recreation.
How Would This Site Become Parkland?
To implement the QueensWay, the City can transfer all of the land to the purview of NYC Parks & Recreation. This transfer will not require a ULURP (the formal land use review process) since the land is already under City ownership.
How Would The QueensWay Affect Real Estate Values in the Area?
Linear parks across the US and internationally have been shown to increase property values for adjacent homes. The consultant team estimates that home values adjacent to the QueensWay would increase by a 5 – 7 percent premium over the first six years (the length of a typical market cycle) after the park opens.
How Much Would the QueensWay Cost to Build?
This study included a careful structural and engineering assessment, which judged the structure to be generally sound. In addition, the City of New York conducted an initial Phase 1 environmental assessment that did not raise significant concerns about major remediation costs. The cost estimate for constructing the QueensWay, including contingencies and design costs, are approximately $120 million. This cost includes adding comfort facilities in Forest Park and other QueensWay locations.
Should the QueensWay Be Reactivated as a Rail Line?
The concept of reactivating the QueensWay as a rail line – as was the case prior to 1962 – is not being considered in this study. Both the MTA and the Port Authority have previously studied rail reactivation and concluded that it is not feasible due to cost, low ridership projections, environmental concerns, and opposition from directly adjacent communi- ties. In addition, rail reactivation would require procuring and replacing seven acres of parkland where the corridor passes through Forest Park, a process requiring an act of the State Legislature. Furthermore, the anticipated development of Special Bus Service from the Rockaways along Woodhaven Boulevard to Queens Boulevard and the Woodside LIRR station will go a long way in addressing transportation needs in the Rockaways and Central Queens.