For Better Or Worse the L-Train Is In Service by Francesca Girardi

Will it shut down, will it not? The question was hanging over 250,000 of the city’s commuters for what seemed like a lifetime. April was coming quickly, closing in on the residents and business owners alike. Williamsburg experienced declining rental demand and increasing vacancies. People were able to negotiate better deals than they ever could have imagined. While many businesses decided to focus in a different neighborhood.

Then the New Year comes and in the first few days, New York Governor Andrew Cuomo announced that the L-train service shut down between Manhattan and Brooklyn will not happen. This 15-month long shutdown was planned to repair thousands of feet of the Canarsie Tunnel’s tubes that sustained damage during Hurricane Sandy. Repairs will continue with planned service changes on nights and weekends until April. Be advised to always check MYmta to view the current status of the line before traveling to make yourself aware of any unplanned changes. Find updates for L-train service here.

Now, what? If you signed a lease before the New Year you are definitely winning for the duration of that lease. However, landlords who slashed rents or made generous concessions will be wanting to make up that lost income.

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